The commercial property values increased moderately while the rental values remained stable across the UK during October, according to the latest CBRE Monthly Index. This is an encouraging sign for the UK commercial property, which is showing a slow recovery, promising returns to investors.
Though the increase in the capital values of commercial properties is marginal (0.1 per cent), from the long-term perspective, it can be considered safe to invest in the UK property market. The Industrial sector contributed in a big way in the increase in commercial property values even as the Office and Rental sectors remained flat during October, according to the Index.
In the Rental market, the Retail and Industrial sectors witnessed a marginal increase of 0.1 per cent in the rent values. While the South East areas saw an increase of 0.2 per cent in rental values because of retail push, the rest of the UK also witnessed 0.2 per cent increase from the Industrial sector. Overall, the rental values in the commercial property market maintained consistency with property owners heaving a sigh of relief.
If you are interested in buying a residential or commercial property in the UK, Strawberry Star agents can be of assistance to you. Call any of our offices for an in-depth analysis of the UK property market.
This month’s results suggest continuing stability within the market in October. Occupiers and investors continue to take stock of the current conditions