Lamport Bassitt Solicitors - Legal News - Commercial property values 'could make full recovery by 2025'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Commercial property values 'could make full recovery by 2025' One expert has responded to BNP Paribas' assertion that commercial property values could take 15 years to reach pre-recession levels. Kelvin Davidson, property economist at Capital Economics, suggested that previous trends may provide an indication as to whether this prediction is correct. He said: "If you think that effectively property prices are driven by rental growth, then rental growth of a couple of per cent a year [would make it] certainly plausible." This is because average values are down by between 30 and 35 per cent compared with 2007 levels. The remarks may suggest that now would be a good time to secure an affordable real estate deal and consult the opinion of a commercial property solicitor. According to BNP Paribas, capital values will begin to increase in 2012. The research also showed that the City is bucking the trend, as demand might be expected to outstrip supply in the near future. Posted by James Walsh 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