The UK property market is ranked among the top places to invest in the global real estate market. London plays a crucial role in driving the UK’s ranking. And over the last couple of years, property prices in the English capital, though notably bumpy, have maintained an upward trend on a general view.
The UK Commercial Property Trust (LON:UKCM) peaked in September last year following the Brexit referendum vote in 2016. This appears to have perplexed a few people given that the obvious expectation was that real estate prices in London would begin to fall owing to Britain’s expected departure of the European Union. In fact, the UKCMI had dropped to a new multi-year low of about 71 basis points in the run-up to the referendum vote in 2016.