Rural

Rising geopolitical and environmental risks persist, but farm and estate values remain stable, with cautious yet supported forestry investment.

Residential 

Price growth is modest and uneven, with stronger demand in affordable regions and stable lettings, while Prime Central London activity is constrained but fundamentally resilient.

Living Sectors

Demand continues to exceed supply, supporting rental growth, though affordability pressures and policy changes are slowing momentum and segmenting demand.

Industrial & Logistics

Strong occupier demand and tightening supply are sustaining competition for high-quality logistics space.

Offices – Central London

Demand for prime office space remains robust despite softer take-up, with limited Grade A supply supporting rents and low vacancy.

Offices – Regional

Record rents are being achieved for prime space, but limited new supply may constrain future leasing activity.

Capital Markets

Investment activity has softened amid uncertainty and higher borrowing costs, with pricing stable but recovery reliant on improved sentiment.

Economy

The UK outlook is subdued, with weak growth expected as energy costs and supply chain pressures continue to weigh on households and businesses.