International investment continues to boost commercial property
A new forecast by the CBRE, a global real estate adviser, would suggest that investment into the UK is likely to hit around £70billion over the next 12 months.
Their figures also suggest that the market will continue to prosper until the end of the decade, with foreign investment fuelling transactions in the capital.
Miles Gibson, head of UK research at CBRE UK, said: “After several years of strong investment and capital growth, 2016 will offer steadier and more sustainable returns for the commercial property market.
“The UK economy remains strong, underpinning the rental value growth which will form a much more important part of investor returns than in the last few years.
“Overseas investment will remain strong and increasingly diversified as London maintains its status as the global centre for property investment.
“But we predict increasing interest in…office and industrial property markets in the wider South East and other big UK cities, and a long-awaited recovery in retail.”
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