Lamport Bassitt Solicitors - Legal News - Europe 'offering reasonable office rental growth'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Europe 'offering reasonable office rental growth' Those with an interest in UK commercial property might have noted news that the Europe, Middle East and Africa region has recorded signs of rental growth. CB Richard Ellis (CBRE) has released its Global Office Rental Cycle report and highlighted the improvement witnessed in almost half the 17 markets studied in terms of prime rents, take-up levels and vacancies. In fact, the study suggested that London is at the forefront of the real estate turnaround. Dr Raymond Torto, global chief economist at CBRE, observed that Europe is marginally behind the Asia Pacific market in terms of growth. "The City of London continues to lead the other key global markets in terms of the scale of rental growth seen to date," he said. Dr Torto attributed this to a rise in demand in the UK's financial sector. Recently, Ed Mead, director at Douglas & Gordon, described London as a "safe haven" for international property investors 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