Falling UK Commercial Property Values Saved by Central London
The World’s leading commercial property and real estate advisors, CBRE, announced their monthly index which revealed UK commercial property values had fallen in February 2012 despite an improvement from central London offices.
The total returns on commercial property came to 0.1% as capital values fell by 0.4% across nearly all the market subsectors. Central London office returns were up from 0.3% in January, to 0.5%. However, offices, shops and shopping complexes outside of London posted negative returns.
Thanks to central London’s improved performance, the overall decrease in other locations was offset, which has lead to foreign investors targeting the real estate market. In CBRE’s index, one third of foreign property investors stated that “London was the most attractive real estate investment market in Europe for 2012”.
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