MIPIM 2016: Some of London’s senior property professionals are already preparing for the next market downturn.
Looking at London weightings, focusing on defensive core assets, prelets and refurbishments are some of the strategies being looked at in order to minimise risk ahead of the next market cycle.
In a feature for EG London published on Saturday on preparing for the next downturn Sam Sananes, manager of UBS Global Real Estate’s Central London Office Value Added Fund, said: “It feels like London is already on a downward trajectory, sentiment has weakened a little and it feels like 2017 will see negative trends with supply and demand for office space out of balance so rental growth will slow.”
James Roberts, chief economist, Knight Frank, said: “Uncertainty grows beyond 2018 and we are often on a 10-year economic cycle. We had 1990, 2000 then 2009 – we are getting to the end of a nice long run and the further you go out the more risks there are.”
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