Inside the Report
2021 ended positively with the recovery of rents in the residential market. Median residential rents saw a quarterly increase for the first time since 2015, driven by temporary uplift in demand arising from the removal of social mobility restrictions and an increase in population during the last quarter of 2021. Residential capital values represented by the residential ValuStrat Price Index (VPI) also stabilised during the quarter, although 4% lower than Q4 2020. Furthermore, the hospitality market grew as occupancy and ADR increased by 11% and 6%, respectively. On the other hand, the office and the retail market continued to experience market corrections sustaining quarterly declines up to 3% in rents.
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