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Jones Lang LaSalle’s predictions for 2012

Jones Lang LaSalle’s predictions for 2012

Global real estate services firm Jones Lang LaSalle has today published their predictions for the UK real estate market in 2012. Speaking of this year’s prospects, Executive Chairman UK Richard Batten believes that this year will “see a slow start, but hopefully a strong final burst to lift hopes for 2013”.

Mr Batten continued; “Growth is likely to fall into two phases in 2012.  The first six months are expected to be flat at best, with the possibility of a slight dip. But the second half should be brighter. Hard evidence on the direct economic effects of international sporting events is patchy, but they often mark a turning point in sentiment.  It is hoped that the London Olympics will provide a much-need boost to confidence. This along with the benefits of another burst of asset purchases by the Bank of England should begin to have an economic stimulus after mid-2012, when activity is expected to improve, albeit fairly slowly.”

Andrew Burrell, Director of EMEA Research appears to support Mr Batten’s contentions, concluding that while this year will “not be a vintage year for rental growth, especially in the difficult early months”, commercial sectors show much greater rental stability than during the global downturn of 2008-09.”


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