Posted: Monday, 18 May 2009 @ 12:46
A couple of recent reports have suggested now might be the time to consider stepping back into the UK commercial property market.
Last week, Cushman Wakefield indicated in its Business Briefing that prime yields for UK property have stabilised in the last two months with 21 of its 24 key yield outlook indicators flat-lining between March and April.
Today, Schroders called UK property "a screaming buy" particularly for overseas investors due, in part, to Sterling's weakness.
With commercial property prices having fallen some 40% from the peak in the summer of 2007 and other investments continuing to look volatile, this summer may herald the recovery of UK commercial real estate.
The problem with taking advantage of current prices may continue to be funding but for the cash-rich investor the growth prospects for commercial property look brighter than they have for some time.
Steve Petty, Commercial Property Solicitor
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