9 Jan 2019
Aviva Investors’ Jonathan Bayfield discusses the outlook for real estate.
UK real estate markets face potential headwinds in 2019 as Brexit, trade talks and rising interest rates threaten to weigh on demand. But there are grounds for optimism. There may yet be favourable resolutions to both the Brexit talks and the US-China trade dispute. Furthermore, rate hikes are likely to be gradual, supporting continued appetite for real estate among institutional investors. And while appropriate strategies will be needed to mitigate late-cycle risks, there remain pockets of value in certain sectors