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CBRE report on UK commercial property price increase in July

CBRE report on UK commercial property price increase in July

CB Richard Ellis has announced that UK commercial property prices have risen by 0.2% in July – the first positive figure since the market peak in June 2007.

According to news source Reuters, CBRE’s head of economics and forecasting, David Wylie, said:

“This month’s monthly index results reveal the undoubted sea-change in investor sentiment that has taken place over the past month.”

Wylie also adds: “The strong appetite for prime assets appears to have broadened out sufficiently to allow a stabilisation and improvement in the wider market. Although concerns remain over the near-term prospects for secondary assets with weaker covenants, this month’s figures seem to confirm that investors have awoken to what is now widely being seen as a once in a generation buying opportunity.”

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Author: | August 6, 2009 | 0 Comments

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