UK property market contributes to positive European results | 11 March 2013
Commercial property values in the Europe have reached some of their “fairest” levels in recent years, cityam.com reports.
In its latest ‘Fair Value Index’, DTZ found that prices are now at their most attractive level in a decade – with six countries reaching the ideal 100 point score. These were Belgium, the Baltics, the Netherlands, Denmark, Norway and Finland. The UK, meanwhile, came in the second group; posting a score of 91 alongside Germany.
The results weren’t so positive for recession-hit Italy and Spain, however; they scored just 50 and 17 respectively. France didn’t fare much better, having scored just 55.
On the whole, however, Europe fared better than it had done in recent memory, with nine markets being declared ‘hot’ and the remaining two being ‘warm’. This meant that none ended up being classified as having ‘cold’ markets.
On this scale, the UK and Germany fared among the best – despite not being awarded a score of 100.
“The UK and German markets in particular offer attractive pricing, with the overwhelming majority of markets in both countries being rated as ‘hot’,” head of forecasting at DTZ, Matthew Hall, told investmenteurope.co.uk. “Although only modest returns are expected, the extremely low hurdle rate continues to paint these markets in a positive light on a risk adjusted basis.”
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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