A casual geographic inspection of property yields across the UK’s CRE – inclusive of its PRS – reveals a premium not merely outside London, but the entire South.
To be clear, this ‘Northern value discount’ does not capture poor fundamentals. Rather, it reflects a stubborn capital market bias and so an opportunity to enjoy the relative value gain from relative yield compression.
Long before this medical crisis struck, the English Midlands and North West enjoyed impressive economic growth; not merely absolute but relative, as captured by labour market statistics
Long before this medical crisis struck, the English Midlands and North West enjoyed impressive economic growth; not merely absolute but relative, as captured by labour market statistics. They did so thanks to their favoured positional status for the fast-growing logistics services demanded by the UK’s rapidly growing e-commerce markets.
