IPD Publishes New Commercial Property Report

According to Investment Property Databank report for September 2010, prices on commercial property in the country only increased by 0.2%, which resulted in annual capital growth of 14.2%. As for capital growth since the recovery of UK commercial property market, it amounted to 15.8%.

Capital growth in retail and office sectors amounted to 0.2% last month, whereas industrial sector saw a 0.1% decline.

Commenting on the findings, Mr. Ian Cullen of IPD said that the British market has almost reached the plateau, which means that the situation is still uncertain and no one knows whether the UK property sector will live through another recession.

The good news for business property owners and investors is that rents in this sector have been rising for 5 months in a row.

In a separate report published by CB Richard Ellis earlier this month, London is the driving force behind the recovery and growth of the British commercial property market.

If you are planning to buy business property in Great Britain, consider comparing interest rates on commercial mortgages offered by UK banks.