Goldman Sachs analysts predict gross finance costs for the listed UK real estate firms it covers may rise by 75% over the next five years. UK REITs are using less leverage now than before the financial crisis. Leisure and retail property vacancy rates also remain above pre-pandemic levels, Local Data Company figures show, at 10.6% and 15.4% respectively. The stock market also signals growing investor caution around UK commercial property, with an index of 15 UK REITs down 44% so far in 2022 (.TRXFLDGBPREIC) compared with a 9.8% fall in the wider FTSE 350 (.FTLC) . UK REITs index vs 30-year gilt yield($1 = 0.8906 pounds)Register now for FREE unlimited access to Reuters.com RegisterEditing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

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