As World cup fever builds, Bull & Bear bemoan the extreme heat and the inertia in the UK property market.
Bull is adamant that there is no shortage of capital from willing buyers, but instead believes that sellers are unwilling to test the market amidst a backdrop of geo-political and macroeconomic uncertainty. The result is market friction and a chronic lack of stock.
Bear agrees that the US-Iran conflict has held up investment activity, but is convinced that underlying pricing will need to adjust before deal flows increase.
After some healthy debate, the pair conclude that there is a risk of downside valuation movements in the short term, but that pricing is still underpinned by investor conviction for the sector.
In the meantime, all eyes will be on the Three Lions as they enter the knockout stages.