An appraisal at the half-year mark suggests a slowdown in the robust growth that the property sector has enjoyed over the past five years. But the picture has certainly not been uniform across the board.
Regional firms and those that have hedged through involvement in emerging markets are finding themselves less vulnerable than those City firms that have relied too heavily on domestic property acquisition and disposal work. The profession will have to wait until the New Year to assess the long-term impact.
But if there is caution and uncertainty in the financial and property markets themselves, there will continue to be plenty of work for advisers working in domestic planning and regulation.
The need to incorporate EU sustainability legislation into the UK, together with major infrastructure projects such as Crossrail, will keep things ticking over.
