Lamport Bassitt Solicitors - Legal News - Attractive yields 'encouraging commercial property investment'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Attractive yields 'encouraging commercial property investment' The potential for increased yields as a result of the weak pound is prompting more people to consider a commercial property investment. That is the suggestion of Oliver Gilmartin, senior economist at the Royal Institution of Chartered Surveyors, who explained that the UK is ahead of Europe in some respects. "With the pound declining around 30 per cent against the euro in the last couple of years, UK real estate has become quite an attractive investment when compared to euro-denominated assets," he commented. According to Mr Gilmartin, the City of London's commercial property recovery could be accelerated by the fact that development has stalled of late. It remains to be seen, he added, how strong any pick-up will be once measures aimed at stimulating the market come to an end. Earlier this week, Knight Frank predicted that prime City rents will increase by 19 per cent over the course of 2010. Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News