The war in Ukraine can be thought of as the third ‘once in a lifetime event’ in recent years, and as well as a humanitarian crisis, is sending shockwaves across investment markets, which have reacted acutely but are also still coming to terms with the full range of potential impacts. There is no doubt that uncertainty and price volatility will persist for some time.
No-one can be sure exactly what this means for UK real estate and construction, let alone the global economy, though corporate deals and bond markets have already dried up, and there will be a natural hardening of risk aversion. Certain commodities have surged, exacerbating the large rise in energy costs, meaning that both the supply and demand sides of the equation are in a delicate balance.
It is imperative that data and trends are actively and constantly monitored, and procurement strategies remain as flexible as possible.