Equity market volatility can be a proxy for economic uncertainty which, in turn, should anticipate movements in all-property yields. This relationship suggests that, given the heightened uncertainty on the back of the EU referendum, all-property yields may be too low. But to redress this, by mid-2017, they would only need to rise by around 25bps.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.