This is not necessarily the reality though with some seeing plenty of opportunity still there for at least the next year.
According to Heartwood Investment Management investment director Alan Sippetts the UK property market is positioned to perform well for the rest of 2015 and some way beyond.
Sippetts said the key factor is how UK property stacks up in comparison with the rest of the world. The relative merits mean that international investors are still providing plenty of demand for British bricks and mortar even while other property markets are going flat.
The main aspect of this is the income level that can be achieved and the rental growth prospects compared with the likes of the United States or Australian markets.
Low vacancy rates and limited supply due to the nature of the UK mean rental growth is far more achievable than in most other property markets, even with the expectation of rate rises.
Sippetts also points out that while the prime London market has long been a favourite with international investors, drawn in by the prestige as much as the returns, cities across the wider United Kingdom are starting to see property investment interest from abroad.
While many Asian and Middle Eastern investors remain largely focused on trophy assets in London savvy American investment firms are looking at the numbers that can be achieved by good property in the likes of Manchester and Leeds and seeing value.
Andy Brunner, investment strategist at Morningstar, sees the opportunity in similar terms and says UK commercial property on track to produce returns well in excess of cash for at least another year, even in the face of the monetary policy backdrop.
