A strong Q4 doesn’t mean UK commercial property investment is set to boom

6th February 2026

Commercial property investment hit a record high in Q4, but we doubt that signals the start of a strong recovery. Admittedly, a fall in financing costs will give transactions something of a boost in 2026. But leading indicators point to a weak level of investment of Q1 and with the capital value outlook subdued and owners still reluctant to sell, we expect a rise in transactions of only around 15% in 2026 to £55bn.

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