Skip to content
Wealth
City of London

UK Property Slumps to Worst Quarter Since 2009 as Rates Bite

  • MSCI’s UK Quarterly Property Index Slumped last quarter
  • Industrial property was hardest hit, retail proved resilient
Residential property in London.
Residential property in London.Photographer: Chris J. Ratcliffe/Bloomberg

Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton.

Britain’s real estate sector recorded its worst return in more than 13 years in the third quarter of 2022 after a sharp rise in borrowing costs weighed on the industry.