Property markets holding up despite weakening economic outlook and mounting downside risks
Challenging year ahead for UK real estate as retailer woes continue
Downside risks rise and correction in retail sector evident, while paring back in monetary tightening to support real estate valuations
Outlook 2019 presents our Base Case expectations for direct-investment commercial real estate, given the trends we anticipate in the economy and capital markets. We believe our Base Case scenario is the most probable outcome and dedicate the rest of the document to laying out the details. It is not, however, the only scenario we consider.
The true and reliable nature of commercial real estate income Private real estate income is steady and reliable. We should not oversell the return point but rather take comfort in its absolute persistence.