Market Update - November 2026

As expected, interest rates increased by 0.25% to 4.00%. The BOE warned inflation could rise to 5% next year, although analysts are predicting it to top out at 4.5% in April 2027.

JLL's Global Real Estate Transparency Index reports that the UK retained its position as the world's most transparent real estate market; with London continuing to rank as the leading global city.

Feldberg Capital has agreed terms to acquire 108 Cannon Street from Nan Fung for around £45.5m / 5.75% NIY as they prepare to deploy £200m into the London office market ahead of the launch of a new strategy in early 2027.

Farran Investments and Goldentree Asset Management have exchanged contracts to acquire Three Chamberlain Square, with Canada Life Asset Management providing £65m of acquisition financing.

The Crown Estate has achieved full occupancy on Edinburgh's Princes Street following a series of lettings to food and beverage operators, highlighting continued demand for prime experiential retail space.

Savills has forecast UK house prices to fall by around 1.5% in 2027, citing affordability pressures and a higher interest-rate environment. Notably London, South East and East England is predicted to fall by 3.5%.

Savills research found that BREEAM Outstanding offices in the City of London command an average 18% rental premium over BREEAM Excellent assets.