By Tom Leahy on October 15th, 2019
Analysis of the effects of the Brexit vote on the U.K. commercial property market has tended to focus on London. However, as the following chart shows, liquidity in all but one of the 14 U.K. markets tracked by the RCA Capital Liquidity Scores has dropped off since 2016.
Scores have declined the most in the less liquid markets, such as Bristol, Cardiff and Newcastle. Birmingham and Manchester have held up better, which shows how investors are happier to keep placing capital in structurally more liquid cities.
The standout is Edinburgh, one of two Scottish cities on the chart, where liquidity is a hair higher than it was at the time of the referendum in the middle of 2016.
If you are a Real Capital Analytics client you can access the latest RCA Capital Liquidity Scores report and data file on the RCA website. Readers who aren’t yet RCA clients can learn more about the advantages of RCA data, tools and reports by contacting us.
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