Lamport Bassitt Solicitors - Legal News - Commercial property performance 'slowed last month'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Commercial property performance 'slowed last month' The performance of the commercial property market in the UK slowed last month, according to figures produced by CB Richard Ellis. In its latest monthly index, it noted capital growth of 0.7 per cent. However, central London offices continued to outperform the wider sector, showing returns of 1.8 per cent and annual returns of 13.5 per cent. It claimed that rental fragilities and declines are still being seen across most property sectors, with this part of the capital remaining the exception. The firm added that property rents as a whole declined by 0.1 per cent last month and by 0.8 per cent since the beginning of this year. Its report stated: "These figures represent the cooling investment sentiment and the slowly improving occupier markets." Recently, Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, suggested that finance in commercial property in the UK at present is being targeted at prime buildings. Posted by Isobel Whitely 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