European commercial property markets 'struggling to keep up'
Rental predictions have taken a negative turn across many European destinations, which may convince individuals with London commercial property investments to keep their wealth in the capital in the meantime.

A new report from the Royal Institution of Chartered Surveyors (Rics) about the fourth quarter of 2011 noted a period of subdued growth has been experienced in most countries apart from Germany, as a result of the eurozone debt crisis.

Locations such as Greece and Italy have been struggling to clear sovereign debt, which saw the euro take a dip in value against rival currencies.

As such, investors might decide to limit their activity to London offices until it becomes clearer which long-term direction the wider European commercial property market is taking.

Chief economist at Rics Simon Rubinsohn commented: "Moreover, the survey also highlights the difference in the developed world between those countries that largely shunned the sub-prime credit boom - such as Canada and Germany - and those that participated in it."

Earlier this month, Rics published its UK Commercial Market Survey for the fourth quarter of 2011, which noted while rental expectations had become more negative, prime London offices were the only premises that deviated from this trend.

Posted by Sarah Dudley

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