There has been a gradual slowing in rental growth in the last couple of quarters, with a particularly large drop-off in retail rental growth. This has been echoed in the investment market, with all-property yields falling at marginal rates and retail sector yields marking time in the first half of the year. We expect these trends to continue for the remainder of 2019 and into 2020, with rises in capital values gradually fading as next year progresses.
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