Commercial property in the UK is beginning to emerge from the recession, although there could be limitations to the sector's growth.
The British commercial property sector may not have completely recovered from the recession, but there are signs that it is experiencing an upturn in activity.
BDO's latest Commercial Real Estate Review revealed an increase in the number of
commercial finance transactions this year, although cautioned that certain factors could be responsible for limiting the sector's growth.
Lead partner at BDO Mark Anslow said there is "a long way to go" before
commercial development transactions return to pre-recession levels.
"The combination of an election year, which is bringing considerable uncertainty across industry sectors, coupled with continuing fears about unemployment and consumer spending, and concerns over rising taxes later in the year all have the potential to undermine the commercial property market," he explained.
Despite this, Mr Anslow went on to say that 2010 has seen higher commercial
property investment returns and a more stable tenant market, something that wasn't the case last year.
The Royal Institution of Chartered Surveyors said last month that investors across the world were turning their attentions to the commercial property market.
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