Like most real estate sectors, multifamily investment stalled in Q2 as the government lockdown effectively halted activity. As a result, CBRE only recorded two transactions totalling £83m.

However, the sector looks poised for a strong rebound as there is currently £1.4bn worth of deals under offer. Our current forecast is for full-year 2020 investment volumes to be below 2019, although this pipeline could now surprise on the upside.