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Eversheds comment: UK real estate markets must prepare while the “baby shower” of macro-economic free gifts last
- United Kingdom
14-05-2015
Commenting on British Land Company’s positive results Bruce Dear, Head of London Real Estate at law firm Eversheds, says:
“UK real estate markets are being powered by multiple macro-economic free gifts; it’s like a beneficent baby shower: low bond yields, low interest rates, vast global cash reserves in search of a stable home and QE-pumped asset prices.
“It’s a sweet time, but after the baby shower comes the hard parental work. Investors need to be sure they have strong tenants in well-located buildings. Only those assets will hold their value when the presents stop and the sleepless nights begin.”
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