UK commercial property leading European value recovery

23/11/2010 13:42:43

UK commercial property management firms are operating in a market that continues to lead European rivals as far as real estate value recovery is concerned.

The latest European Evaluation Monitor by CB Richard Ellis has revealed that the UK was the strongest performing market region during the third quarter of 2010 thanks to capital growth of one per cent in the retail sector.

Overall, European property values continued to show improvement, accord to the report, which also stated that prime yields continued to fall across the continent since the market saw its first positive quarterly movement in Q2 2010.

Greece, Portugal and Ireland, as well as offices in the Netherlands, posted weak results, making them the only areas out of the regions covered to post negative figures in the quarter.

Meanwhile, four million sq ft of West End office space has been converted to other uses during the past ten years, a report from agent H2SO found.

Posted by Emma Davies

News provided by Adfero in collaboration with Mellersh & Harding. Please note that all copy belongs to (c)Adfero Ltd and does not reflect the views or opinions of Mellersh & Harding unless explicitly stated.

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