Our forecast for 2017 indicates an increase in tender pricing as the cost of the weak pound is passed on in headline pricing, but with a reduction in the volume of new orders in the second and third quarters. Moving into 2018, we forecast a slowing of demand as uncertainty stalls new orders and remaining flat in 2019.
Headline rates for 2017 remain unchanged this quarter at 2.50% for UK average and 2% in London. 2018 and 2019 are flat at 1% for London with the UK average rates reducing to 1.5%.
