Thursday, Oct 15, 2009

UK Commercial Property Sector Recovery to Start in 2010

E1 News: UK Commercial Property Sector Recovery to Start in 2010

BNP Paribas Real Estate is determined that UK commercial property sector will start its slow yet sustainable recovery next year, according to Mr. Keith Steventon, company’s head of research, who made a speech at BNP Paribas Real Estate economic forecast seminar held in Cardiff, Wales. He highlighted that the major factor affecting the commercial property sector is UK retail rents, which are under the influence of UK household incomes. As household incomes, according to forecasts, are expected to fall in 2011 and to grow in 2012, the commercial property sector is to follow the same trend.

Posted by uch1405 @ 08:42 AM (531 views)
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