Wednesday, August 4, 2010
Commercial property double-dips
Recovery in property prices has tailed off, while shortage of City office space ensures ever higher rent. British Land has warned that the recovery in property prices has slowed in recent months, although an acute shortage of office space in London is continuing to drive rents higher. The property developer, the biggest office landlord in the City, said today that while demand for prime office and shop space remains strong, the growth in values tailed off between April and June following the sharp recovery of the previous six months.