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UK commercial property market 'completes 1 year capital growth'
The UK commercial property has seen a full year of capital growth, figures have shown.
According to the Investment Property Databank (IPD) UK Monthly Index for July, markets have climbed by 15.4% since August 2009.
While the figure for that month only stood at 0.2% positive capital growth, this was the same level seen when the recovery began last year, the organisation pointed out.
Firms looking at retail investment property may be pleased to hear the retail sector has seen positive results.
The IPD index noted it "recovered the most ground, with values rising one month ahead of the main market, to give cumulative growth since the trough of 18.6%".
And the office market rose by 13.8% since it hit a low 11 months ago, statistics found.
IPD analyses global real estate performance, although the organisation itself does not invest in the market.
More than 300 members of staff work through the company, which has headquarters in London.
Posted by Suzannah Taylor
According to the Investment Property Databank (IPD) UK Monthly Index for July, markets have climbed by 15.4% since August 2009.
While the figure for that month only stood at 0.2% positive capital growth, this was the same level seen when the recovery began last year, the organisation pointed out.
Firms looking at retail investment property may be pleased to hear the retail sector has seen positive results.
The IPD index noted it "recovered the most ground, with values rising one month ahead of the main market, to give cumulative growth since the trough of 18.6%".
And the office market rose by 13.8% since it hit a low 11 months ago, statistics found.
IPD analyses global real estate performance, although the organisation itself does not invest in the market.
More than 300 members of staff work through the company, which has headquarters in London.
Posted by Suzannah Taylor
Mon, 16th Aug 2010