Managers bullish on long-term opportunities in the UK
Having now entered a period of economic recovery, the UK’s real estate market is to enter a “slow but steady” upturn in fortunes, opening up longer-term opportunities for investors across sectors and geographic areas.
Managers such as BNP Paribas REIM and DWS have come out strongly in favour of the UK in recent weeks, arguing that despite ongoing risks, growth is beginning to return to the market, with London predicted to record some of the strongest returns over the coming years in Europe. DWS has said that the UK government’s Brexit trade agreement, agreed with the EU at the end of last year, has now alleviated the uncertainty that has held back the UK real estate market since 2016. In addition, the UK government announced an end to all social distancing restrictions and a complete reopening of society. As a result, confidence is recovering and there is increasing evidence of international investors returning to the market.
In its UK Real Estate Strategic