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DTZ: Retail investment property 'most attractive'
Those looking to purchase commercial property in the UK may find the most attractive options can be found in the retail sector.
According to the DTZ Fair Value Index, there are certain parts of the UK business property market performing better than others, Reuters reports.
It looked at the 20 prime markets in the UK and rated the various sectors, classing London City offices, West End retail and Manchester retail as "hot".
The "cold" areas were mainly found outside London, but retail is performing strongly around the world, it noted.
DTZ looks at the fair value in property through a comparison of the annualised returns that could be gained over five years, taking into account the risk-adjusted required return.
"Having made this comparison, we can then assess whether the market is over or under-valued," the company was quoted as saying.
The New West End Company recently revealed retailers in the West End have seen a sales boost of late, mainly due to buyers from the Middle East making purchases in the area's luxury shops.
Posted by James Collins
According to the DTZ Fair Value Index, there are certain parts of the UK business property market performing better than others, Reuters reports.
It looked at the 20 prime markets in the UK and rated the various sectors, classing London City offices, West End retail and Manchester retail as "hot".
The "cold" areas were mainly found outside London, but retail is performing strongly around the world, it noted.
DTZ looks at the fair value in property through a comparison of the annualised returns that could be gained over five years, taking into account the risk-adjusted required return.
"Having made this comparison, we can then assess whether the market is over or under-valued," the company was quoted as saying.
The New West End Company recently revealed retailers in the West End have seen a sales boost of late, mainly due to buyers from the Middle East making purchases in the area's luxury shops.
Posted by James Collins
Wed, 18th Aug 2010