RICS survey implies risk of UK commercial property capital value falls is declining
The Q2 RICS survey showed little change from the previous quarter, although a rise in capital value expectations suggests the impact of the Iran war on yields is now projected to be smaller. Overall, the survey points to a market grinding along with decent, if not stellar, returns over the next year or so. That said, a flare-up of tensions with Iran pushing up interest rates presents an ongoing risk.
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