Figures Show Growth in Commercial Property Sector | 27 April 2011
The growth could see a rise in landlords sourcing property management software to help deal with increasing numbers of commercial properties on their books.
Elsewhere in the study, March saw a rise of 0.3 per cent on capital growth across an all-property basis; which works out as 0.2 per cent for both office real estate and industrial properties, as well as 0.4 per cent for the retail sector.
Analysts have suggested that the retail sector’s strong growth could continue through the summer as warmer weather encourages people out of their homes and into the shops.
IPD’s managing director for the UK and Ireland, Phil Tily told UK Business Property of what the results could mean for the future of the industry. He said, “Results are again showing mixed signals, with slightly improving capital growth entirely dependent upon investor sentiment, while positions for rental values have weakened.”
Tily was keen to point out, however, that the figures did show a better outlook than might appear on the surface, telling Property Talk Live, “The modest increase in capital values in March led to a 2.3 per cent total return for Q1, a ten basis point increase on the 2.2 per cent we saw in Q4 [of last year].”
Written by David Howells on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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