Revo report 'mood of opportunity' at MAPIC18 November 2016
Against a backdrop of solid retail property company results, the mood amongst UK delegates at MAPIC is one of opportunity rather than optimism. There’s a feeling here that the sector is well-positioned to capture value, but there’s an air of nervousness in advance of what will undoubtedly be a turbulent year ahead.
There’s also talk about next week’s Autumn Statement and the government’s new commitments to infrastructure spend – there’s a consensus that this promises to stimulate wider development and regeneration in the regions.
Research released to sync with MAPIC suggests that consumer spending remains resilient post-Brexit. Delegates expect that to continue around Black Friday and into the festive trading period, but consumption may well start to slow as inflation picks up next year, thanks in part to the weaker pound, and monetary policy will be key.