May 2023
In this edition Rising interest rates and macroeconomic uncertainties have led to a broad stagnation in property investment markets. Investment activity is limited, initial yields have risen and spreads to risk-free rates have narrowed sharply. For tenants in the residential, retail and healthcare sectors, higher costs have made affordability a concern. Nevertheless, demand from occupier markets remains strong. There are waiting lists in the residential, retail and healthcare property markets.