The commercial property sector is showing signs of recovery in the UK, with the market witnessing its sixth consecutive increase in the month of October. According to Investment Property Databank Ltd, the average value of offices, industrial properties and shops increased by 0.6 percent between September and October of 2013. This is good news for owners who saw a total return of real estate value and rental income reach a rate of 1.1 percent.
The increases aren’t just located in the capital city either. Industrial units across the country are currently growing in value at a stable rate; however, the real success stories are being seen in the South East. The returns on commercial property here have actually outpaced the growth of the sector in central London.
Commercial property for sale
Property agents are seeing commercial property reaping the benefits of economic growth. For example, office buildings witnessed a 0.9 percent increase, while warehouse values grew by 0.8 percent. Even the value of retail properties have seen signs of recovery with averages rising by 0.3 percent. Considering the recent trials and tribulations of the high street this is good news.
The increase in value of commercial property foots the overall trend seen in the job market and industrial sectors. Manufacturing and construction sectors grew last month, while British services increased at a quicker rate than any other time in the last 16 years.
The amount of unemployed people in the UK is currently dropping as more businesses find their footing and start to flourish. The number of jobless people actually declined to its lowest numbers since 2009 during 2013’s third quarter. Recent figures showed the unemployed amounted to just 7.6 percent in the UK.
Commercial property for rent
Investors looking for an opportunity in the commercial sector should consider buying now. Prices are still low enough to find a bargain, but increases in average value show a great deal of promise, which may allow you to reap a decent ROI in the not too distant future.
You will find a variety of commercial estate agents online at RegionProperty.co.uk. This is an online search facility that allows you to browse commercial buildings from across the UK. Here, you can find a wealth of property for commercial purposes, from office buildings to warehouses and high street stores, both for sale and to rent.
RegionProperty.co.uk allows you to filter results using the simple navigation facility to browse by:
- Price
- Location
- Number of rooms
- And much more
If you are a relative novice in the commercial property field, it helps to gain advice from financial lenders and expert estate agents regarding commercial mortgages and property insurance for businesses.
Forecasts for 2014
Reports are positive for the commercial property sector looking to the future, with stronger investment demand for offices around the world forecast for the coming year. A report by Knight Frank – the independent property consultancy – says transactions across the world for commercial property totaled US$224 billion in the first half of this year. Investment activity has improved by 11.7 percent compared with last year. The organisation expects capital values to rise by around 5 percent between now and the end of 2014.
via:http://blog.thebigpropertylist.co.uk/price-trends-for-commercial-property-in-2013?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TBPL+%28Property+News+-+The+Big+Property+List%29
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