The latest lockdown will keep rental demand in London very weak and prolong the drop in rents there. There is no doubt that they will recover in the summer if vaccines are successful and the virus restrictions are eased, but we think that some of the reduction compared to rents elsewhere will be permanent.
On 14th January, economists from across our property services will be holding an online briefing about the long-term outlook for the commercial and residential sectors as part of our ‘The Future of Property’ series. Details and complimentary registration are here.
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