UK Capital Markets Review & Outlook

JLL’s Capital Markets team looks at investment activity in the first half of 2022 as well as assessing the likely outlook for the remainder of the year.

September 27, 2022
  • Cameron Ramsey

The UK investment market saw record transaction volumes of £29.0bn during the first half of 2022.  This was predominantly based on the strength of the first quarter, when £16.6bn was invested, comfortably ahead of any previous year’s total during the same period.  The second quarter saw a more typical £12.3bn invested, with a notable moderation in activity through May and June as inflationary pressures and interest rate movements resulted in ongoing uncertainty around pricing.

“The strength of investment performance through the first half of this year has been encouraging. However, macro-economic headwinds are undoubtedly increasing pressure on decision making, and causing investors to take a more cautious approach as we move into the later part of the year. An element of yield movement is present, and the level of economic and financial market volatility suggests this will continue to some degree across the board, although the extent of which is unclear. What is clear is that different sectors and investor groups will respond differently, and that many good opportunities will arise during this period.”

Andrew Frost, Head of UK Capital Markets

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