Three key risks to UK commercial property in 2017

In our view, 2017 will prove to be a better year for property than the consensus assumes. But there is little room for complacency. A domestic-led inflationary shock, well beyond what central banks currently expect, accompanied by a strong monetary policy reaction in the UK or US could derail our forecasts. Meanwhile, increased uncertainty around the outcome of the Brexit negotiations could negatively impact occupancy rates, particularly in London.