Update: May 2020 – A Market Overview
Major equity markets have seen a growth in prices in the last month, although developed economies continue to fare badly.
The tide appears to be turning on coronavirus cases, but we are already seeing the negative effects of lockdown, with GDP contracting 4.8% q/q annualised in Q1.
Early signs suggest the demand for commercial property space across all sectors will be very weak for Q2.
With a combination of containment measures that have restricted viewings, alongside investor caution, there was a marked decline in investment activity in April across all sectors.
Investment in Central London retail held up better than expected, however there is likely to be further upward pressure on yields.