Despite uncertainties surrounding Brexit and increased acquisition costs following stamp duty land tax reforms in 2016, the past year has provided a healthy environment for investment, with sterling’s weakness proving attractive for investors. The figures show that appetite for UK real estate remains strong, with investors increasingly focusing on income returns, rather than capital growth. However, the volume of sales going forward could be hampered by a fall in the number of sellers as they adopt a ‘wait and see’ approach, choosing to hold onto assets through the current uncertain climate.