As post Brexit uncertainty continues to effect the investment market, consumer confidence and retailer activity seems to buck the trend and remains strong.
Some key features of Q3 2016 include:
- Q3 saw just five shopping centre transactions amounting to £192 million, the lowest quarterly volume since Q2 2009.
- Councils have accounted for three of the five purchases in Q3.
- Retail Warehousing transaction volumes were down in Q3, at £232 million, the lowest since Q1 2013 and down 82% year on year compared with 2015.
- Consumer confidence rose in August at the fastest monthly rate for three and a half years.
- Overall, footfall was up 0.1% in August.