Mixed views on property recovery
May 18, 2010
A report by the Investment Property Databank shows that growth in the property industry has sunk to a 10-month low. This follows research from over a month ago that suggested that the strength of London’s economy has led to a recovery in commercial property rental values nine months earlier than expected.
In the West End market, an improved confidence had led to more occupier deals. Prime rents remained unchanged and take-up improved.
There is a certain fragility about improvement in key office markets throughout the South East of London. And at this very moment, occupiers are concerned about the impact of changes that will be brought about by the forthcoming emergency budget.
