The long-term outlook for global property


In 2015, Colliers International published the paper ‘How long will this bull market last?’ where we argued that many ‘enduring trends’ would act to support commercial real estate and that going forward this asset class would be lower yielding with limited volatility. In 2018, the trends continue to support this view. Barring a new financial, economic or geopolitical calamity, the long-term outlook looks stable, with the financial environment settling into a new normal over the next five to 10 years that looks more benign than the pre-Great Recession period. Much of this stability can be traced in various ways to a demographic super-cycle that is set to last for at least another


10 to 15 years. This is not to say that the original property bull market will rumble on for a generation, but it is to say that the sector looks to have reached a new level of maturity in the UK, with a wider range and geography of prime assets now elevated to the status of ‘safe haven’ investments. This may be part of a global trend. Like all assets, safe haven property assets will continue to require careful management and investment, especially as the demand of occupiers (the ultimate source of all value) increases in complexity in response to ever changing demographic pressure and the demands of new technology.


...the sector looks to have reached a new level of maturity in the UK with a wider range and geography of prime assets now elevated to the status of ‘safe haven’ investments.


Mark Charlton | Head of Research & Forecasting Contacts


FOR MORE INFORMATION Walter Boettcher


Director | Chief Economist +44 20 7344 6581 walter.boettcher@colliers.com


Mark Charlton


Head of Research & Forecasting +44 20 7487 1720 mark.charlton@colliers.com


This report gives information based primarily on Colliers International data, which may be helpful in anticipating trends in the property sector. However, no warranty is given as to the accuracy of, and no liability for negligence is accepted in relation to, the forecasts, figures or conclusions contained in this report and they must not be relied on for investment or any other purposes. This report does not constitute and must not be treated as investment or valuation advice or an offer to buy or sell property.


Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP (a limited liability partnership registered in England and Wales with


registered number OC385143) and its subsidiary companies, the full list of which can be found on www.colliers.com/ukdisclaimer. Our registered office is at 50 George Street, London W1U 7GA.


This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2018. All rights reserved 14 When will the tide turn on commercial property? MIPIM 2018 | Colliers International


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