After a night of Halloween horrors, Bear reviewed the Q3 2025 transaction volumes and is feeling gloomy about the inertia in the UK property market, which appears to be haunted by the spectre of Mrs Reeves's November Budget.
Bull, however, is convinced that the final quarter of the year could mark a step change in activity, with a number of £100m plus deals in the London office market poised to complete.
With UK property set to deliver total returns of 7.4% pa 2025 and 8.4% pa in 2026, Bull also believes that property could deliver on the upside and is buoyant about the prospects for the other sectors.
We may not escape the Autumn Budget unscathed, but there is momentum building in the market just waiting to be released.
Enjoy your Sunday.