Has the storm passed?

Looser monetary policy, a healthy run of economic data, as well as some signs that the impact of the referendum on capital values is fading, mean that we have made some minor upgrades to our forecasts since our last Analyst. Granted, the uncertainty created by the referendum and the negotiations around the UK’s departure from the EU, should mean that property yields end the forecast higher than they are today. However, we do not subscribe to the view that the EU referendum result will be the catalyst for a prolonged property market correction.