Quarterly Review Q3 2016: November 2016
The third quarter of 2016 will always be a memorable one as the first full
quarter after the referendum vote.
Whilst from a headline news perspective it has been usurped by the US
electing a property developer, businessman, and reality TV star as its
president, for the commercial property industry, Q3 has given us our first
signs of what may be to come over the next couple of years.
As the quarter unfolded it became clear that inflation would start to move
up fuelled by a drop in the value of the pound. The debate as to how quickly
this will move, and whether this will be a short spike followed by more
normal levels of inflation has begun.