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Commercial Property News
2010 'could be good year for commercial property'
This year could be a good one for the commercial property sector in the UK, it has been claimed.
According to Guy Cooke from property consultancy Knight Frank, 2010 will see positive steps away from the industry downturn, albeit at a slow rate.
He pointed out that the last 12 months were tough for firms dealing with business property.
The expert remarked: "The recession which gripped us all last year, created an unprecedented climate of uncertainty and 2009 was a very challenging market in the office sector."
Mr Cooke went on to suggest that landlords who are able to assist tenants with the capital cost of moving will be more likely to succeed over the short term.
Speaking earlier this month, Kelvin Davidson, property economist at Capital Economics, warned that increases in property capital growth could result in overvaluations and lead to an eventual dip in values later this year.
According to Guy Cooke from property consultancy Knight Frank, 2010 will see positive steps away from the industry downturn, albeit at a slow rate.
He pointed out that the last 12 months were tough for firms dealing with business property.
The expert remarked: "The recession which gripped us all last year, created an unprecedented climate of uncertainty and 2009 was a very challenging market in the office sector."
Mr Cooke went on to suggest that landlords who are able to assist tenants with the capital cost of moving will be more likely to succeed over the short term.
Speaking earlier this month, Kelvin Davidson, property economist at Capital Economics, warned that increases in property capital growth could result in overvaluations and lead to an eventual dip in values later this year.
Thu, 14th Jan 2010