Finally, there may be some 'not so doom and gloom' predictions for real estate in 2024. ​Land Securities, one of the UK's biggest landlords, has said that there will be buying opportunities in commercial real estate next year as prices for good quality property stabilise. Despite their £10 billion portfolio declining 3.6% in value in the six months to September due to rising interest rates, LandSec still believes that with rates settling at higher levels, property investment should pick up in the new year.

Though we have seen an extended period of higher borrowing costs and fears surrounding office demand which in turn has stalled sales and negatively affected property values, Landsec’s chief executive Mark Allan has stated that “opportunities that will no doubt arise as the new higher-for-longer reality is now more widely accepted”.

On top of its shopping list are “prime” shopping centres. Landsec said that after six years of falling retail rents, as the sector battled e-commerce, the rents it agreed with existing tenants rose 2 per cent. “In retail, we have turned that corner,” Allan said.

For more on this, head to the Financial Times or the Business Telegraph.