Jump to content
House Price Crash Forum
Sign in to follow this  
Converted Lurker

Commercial Property Transactions For Q1 2008 On Target For A 50% Crash Compared With Q4 2007

Recommended Posts

Commenting on the latest data on commercial property transactions for the first two months of 2008, RICS senior economist Oliver Gilmartin said:

"Deal volumes continued to wane in the commercial property sector in the first two months of the year with transactions for Q1 2008 on target for a 50% dip compared to an already weak Q4 2007.

"Whilst most investors continued to divest (most notably institutions) so far in 2008, a notable exception has been overseas investors who have pumped a net £1.3 Bn into the market since the turn of the year. European investors buoyed by a strong Euro may have sensed a strategic opportunity to diversify into the UK arena.

"German buyers in particular have accounted for 33% of all overseas purchasing in early 2008 snapping up £567 million worth of property. Significantly, German money has targeted the office sector perhaps seeking out longer term opportunities from the sharp snap back in pricing and subsequent rise in yields most prominent in the Central London Office market.

"On a relative yield valuation basis, the UK market may be starting to look attractive when compared to several European markets with a typical UK property already 25% cheaper over the last 6 months when Euro/sterling fluctuations are taken into account.


Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.