The UK commercial property market is not doing as well as the financial results of some major property investment firms would suggest, it has been claimed.
The bounce in growth seen by UK
property investment firms is masking the truth about the UK commercial property market.
In the last week,
commercial development firms British Land, Land Securities and Great Portland have all reported increases in the value of their property portfolios, the latter by as much as 15.5 per cent.
Yet according to an article in the Financial Times (FT), the "astonishing" rise in values seen in London's commercial property has skewed the figures.
Elsewhere in the country, some areas have not seen property values rise at all from their record low - some of which equating to a 44 per cent reduction in values.
In a further note of caution, the chief executive of British Land Chris Grigg told the FT that such a strong bounce in the London market left little room for any particular increase in values for the rest of the year.
Posted by Tess Nelson.
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