The latest Cushman & Wakefield report suggests that the downturn in commercial property is easing.
The UK's commercial property market stabilised in January, with prime yields falling by just seven per cent, according to Cushman & Wakefield's January business report.
It is the smallest monthly fall since May 2009 and the report predicts that, while further declines in some sectors are anticipated in the first half of 2010, the commercial
property investment sector is seeing a brighter picture overall in the UK.
David Erwin, chief executive officer of UK capital markets at Cushman & Wakefield, said that 2010 has "kicked off with a bang", with
asset financing agents seeing a busier January than at almost any time since the late 1990s.
"Experienced vendors (including recent buyers) are taking profits whilst purchasers continue to seek stock which broadly remains in short supply," he added.
"The current dynamics suggest the market is a win-win for buyers and sellers and it will be a busy run in to Easter."
Cushman & Wakefield recently predicted that, despite a poor year for the Thames Valley office market, the sector will stabilise in 2010 with the amount of empty office space expected to fall by the end of the year.
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