“Initially we predicted that the market would go up 11% in 2015, but so far price movements have gone up a lot further than expected,” Onuekwusi expanded. “There is real upside risk, and we could be looking at another year of 14-15% growth if the current trajectory continues.”
Hambi added: “In commercial property you can still get yields of over 5% and there is good rental growth coming through at the moment, which is going to be a key driver over the next few years.
“We are expecting returns of around 7-8% per annum over the next three years, though we will see the larger part of this coming during the next 12 months. It is very front end-loaded, but we are watching to see what happens with the economy – depending on where it goes we could see that a longer-term time-frame on that.”
