INDUSTRY NEWS

Commercial property claimed to continue rising

Analysts have stated their expectation that the UK’s commercial property market will continue its upward trend into 2010. After sharp falls, which proved worse than many experts’ forecasts, the sector’s recovery in the past four months has been almost as strong, returning a measure of confidence to the marketplace.

Some areas have proven particularly resilient. Even those experts who do not accept the consensus – on the grounds that the wider economy is set for a rocky recovery in 2010 – generally agree that Central London office space and retail property would remain attractive to investors.

Opinion is divided as to whether this will also lift secondary property; prime office space remains in relatively short supply and so competition is expected to raise interest and yields. Either way, the UK appears to be in a strong position to lead the global property market recovery.