Lamport Bassitt Solicitors - Legal News - UK property returns on the up


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS UK property returns on the up UK property delivered returns of 8.1 per cent in 2011, revealing the potential for investors to seek advice from a property development solicitor. Capital return slowed to 1.2 per cent while income returned stood at 6.8 per cent, according to the IPD UK Monthly Index. Phil Tily, managing director of the firm's UK and Ireland business, warned that while growth was positive, there is a "less than ideal" outlook for 2012. Rental values in retail sector, which has been hit by falling consumer spending, declined by nearly one per cent. Standard retail units across the UK recorded either flat or negative value movement in December, with the south-west, Wales and Yorkshire and Humberside the hardest hit. The news comes as Clydesdale and Yorkshire Banks pull out of commercial property lending following a "reduced appetite" for non-residential loans. In a statement, the banks said many commercial property businesses were not extending their borrowing because of the "protracted economic uncertainty". Posted by Georgina Price 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