IPF Consensus Forecasts (Q1)

The brighter tone of some of the economic surveys of late has not been reflected in Consensus forecasts for commercial property. Respondents to the latest IPF survey have cut their forecasts for rental value growth, capital values and total returns both this year and next. Our own forecast is that, at around 6%, falls in all-property capital values in 2012 will be a little larger than the latest Consensus forecast.

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