INDUSTRY NEWS

UK commercial property market shows official signs of recovery

New research figures have suggested that there is clear evidence that the London commercial property market is in recovery from the recent recession.

According to one London property company figures have suggested that the market improved last month with an estimated 0.8 per cent in total return and 0.3 per cent in capital growth.

Although the figures suggested an improvement, one economist is unsure if this is enough to confirm improvements.

Ed Stansfield said: “The big uncertainty is whether the problems in the labour market are going to lead to the further marking down of secondary values which will drag down the average, or whether people are going to become more adventurous because they feel that they need to be looking for better returns on cash investments.”

Commercial property news brought to you direct from DeVono Cresa, experts on London office space.

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