United Kingdom Oil & Gas Q1 2019
Tenant-favoured conditions see little room for improvement in property prices and rents in Q119. Furthermore, theintroduction of VAT has dampened the demand for commercial real estate stock, particularly in the office and retail segments, andweighed on investment returns as property owners absorb higher costs amid soft market conditions. Rent is falling across all threesub-sectors and is expected to remain this way in the medium term.
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