A combination of a further rise in property yields and fall in alternative asset yields drove an improvement in property valuations in Q1. The more recent rise in risk-free rates implies that improvement may stall in Q2. But beyond that we still think the 10-year gilt yield will fall to 3.25% by end-24, which will help to improve valuations and stabilise property yields in most sectors.
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