Friday, November 20, 2009
UK Commercial Property Market Recovers â€“ IPD
The latest report on commercial property values published in the UK suggests that the market of commercial property started to recover slowly. As we have already reported, local and international property investors showed increased interest in British commercial property lately, causing positive growth in capital values in the 3rd quarter of 2009. The 3rd quarter marked the first growth in UK commercial property values since the year of 2007. According to the report on commercial property values, published by the IPD UK Quarterly Property Index, the 3rd quarter of 2009 resulted in a 1.5% rise in capital values, marking a 5.6% improvement on the 2nd quarter of this year.