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Figures reveal improvement in commercial capital growth
15/06/2009
The pace of decline in commercial property capital growth across the UK and Northern Ireland is slowing, new figures have revealed.
According to the latest Monthly Index from Investment Property Databank, such growth stood at -1.6 per cent in May, which was an improvement on the figure of -2.3 per cent recorded in April.
However, the statistic remains around 30 per cent lower than a year ago, while total returns are also down 26.5 per cent when measured over the same time period.
The capital value of all types of commercial property is now 43.6 per cent lower than it was at the peak of the market in June 2007.
Recent research by Cushman & Wakefield found that the UK's commercial property could be one of the first in Europe to recover from the effects of the recent economic downturn.
Countries including Norway, Poland and Denmark are also expected to follow suit.
Drew Nesbitt, a member of the Commercial department at Wilson Nesbitt solicitors added that "while capital values have fallen rental yields are still strong. Investors with capital should be able to pick up investment properties relatively cheap. They should ensure that rental income is sufficient to cover finance repayments."
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According to the latest Monthly Index from Investment Property Databank, such growth stood at -1.6 per cent in May, which was an improvement on the figure of -2.3 per cent recorded in April.
However, the statistic remains around 30 per cent lower than a year ago, while total returns are also down 26.5 per cent when measured over the same time period.
The capital value of all types of commercial property is now 43.6 per cent lower than it was at the peak of the market in June 2007.
Recent research by Cushman & Wakefield found that the UK's commercial property could be one of the first in Europe to recover from the effects of the recent economic downturn.
Countries including Norway, Poland and Denmark are also expected to follow suit.
Drew Nesbitt, a member of the Commercial department at Wilson Nesbitt solicitors added that "while capital values have fallen rental yields are still strong. Investors with capital should be able to pick up investment properties relatively cheap. They should ensure that rental income is sufficient to cover finance repayments."
Visit our commercial property service page
Get a quote for commercial property legal services
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