How has Brexit affected our forecasts?

The outcome of the vote has dented the outlook for occupier demand, and as a result we have cut our all-property rental value growth forecasts for the next two years, from 2.9% and 2.4% respectively, to 2.5% and 2%. That said, with interest rates expected to be lower for longer, we have made no adjustments to our yield profile. We expect capital value growth of 2.9% this year and 1% in 2017.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.