Commercial development asset values continue to rise, but the growth rate continues to slow, according to CB Richard Ellis.
Britain's commercial property market recovery continued to slow down, according to the latest industry data.
In its latest monthly index, CB Richard Ellis (CBRE) suggests that growth in the value of
commercial development assets remained positive during July, but it is now down to a rate of just 0.4 per cent.
The growth rate has fallen now for the fourth month in a row, the agent claims, with June seeing a rise of 0.6 per cent.
In addition, CBRE has found that the All Property total return rose by 0.9 per cent in July, again down from a 1.1 per cent rise the previous month.
"With growing risks to the economic outlook, the
property investment market has reacted with renewed caution and slowed in recent months, however prime assets are still retaining their appeal," Nick Parker, senior analyst for economics and investment at CBRE UK said
Separate research from the Investment Property Databank has warned that rents and yield in the commercial sector are "heading to the doldrums".
Posted by Allan Flowers.
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