Latest indicators show that the UK economy is managing to weather the global economic slowdown. Despite sustained stock market weaknesses, consumer confidence in the UK remains strong, underpinned by a robust housing market, tightening labour market conditions and a low interest rate environment. Economic activity is forecast to remain respectable over the next 18 months with GDP growth expected to average 2.5% – in line with its historic trend.

Despite a slowdown in investment performance, the UK commercial property market has continued to outperform other competing asset classes by a considerable margin. Looking ahead, institutional intentions towards property over the next twelve months are likely to be influenced by the anticipated performance of other investment assets.