Property in 2015.
2015 will bring a dwindling supply of well-located retail property stock in the UK, and will continue to drive buyers to the South East and London areas.
Well-placed secondary retail assets will sell well and schemes with the best consumer appeal will thrive.
Key attributes could be the quality of tenant, although the out of town market has moved steadily towards good shopping destinations. High streets and shopping centres now provide an increased focus on a strong leisure and catering.
With the growth of online sales bringing store networks under ever increasing scrutiny, the forthcoming rush of lease expiries will provide retailers with an opportunity to reduce property costs by downsizing.
Predictions are that the first half of 2015 is likely to be dominated by uncertainty surrounding the general election. However, retail sales will receive a boost from a buoyant labour market, lower inflation on the back of the fall in oil prices. Slower but still positive house price growth will continue to support strong consumer confidence.