Capital values in property are expected to stay negative for three years, bottoming out at -1% in 2019 before climbing back, according to the latest IPF UK Consensus Forecasts report.
The industrial sector is the only one expected to stay positive between now and 2020, but respondents in the quarterly survey forecast capital value growth to slow down from 4% this year to 0.9% next year.
Total return in all property is expected to hit 4.6% this year, down from 10.2% in 2017. Returns are expected to fall further to 3.9% in 2019.
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