Savills' July market report highlighted that investment activity in H1 2019 was 40% lower than H1 2019 with volumes 24% lower than the 10 year average.  It reports that the last seven months have seen a fall in monthly growth of UK ‘all property’ capital values. Consequently, annual growth has gone negative for the first time in two years.

Every cloud however has a silver lining if only you can find it...with falling activity comes higher yields.  Savills' August market report finds that there have been 15 consecutive months of rises in the average prime commercial property yield in the UK.  When the turning point arrives it will be the canny investor that recognises that the risk/reward is back in the sweet spot whilst the rest of the market takes a few months to notice. 

And so the cycle continues.  Savills report that there has been a 9% rise in investment in high street shops in H1 2019 compared to H1 2018.  Could there be light at the end of the tunnel?