INDUSTRY NEWS

Hope for commercial property in 2010

Commercial property markets are expected to improve in 2010, according to the Investment Property Forum (IPF).

It dismissed ideas of a return to form in the next 12-18 months.

“This is clearly where hope of recovery lies, both in the commercial property markets and the wider economy,” it said.

IPF’s quarterly survey found investors had reduced their expectations for the UK market and predicted a 15 per cent drop in capital values this year.

It says its downward revisions reflect “the worsening economic outlook and the
prospect of economic contraction after a record period of continuous growth for the UK economy.

As an international business centre London attracts companies from across the world, keen to take advantage of its communication links and office space.
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