Since the last Commercial Property Analyst, the evidence that the UK economy has entered a period of below-trend growth has hardened and the outlook looks even more gloomy than our already bearish forecasts suggested. Accordingly we have modestly revised down our rental forecasts. Table 1 shows that we now expect to see rental growth run at 1.9% y/y on average between 2006 and 2009, down from 2.2% y/y on the old forecasts.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services