Commercial property investment in North West continues to rise | 11 November 2011
Commercial property investment in the North West of the UK continues to skyrocket as figures show investment more than doubled over the summer, reports Manchester Evening News.
The total value of commercial property investment transactions across the area increased by a massive 158 per cent in the three months ending September 2011. This equates to an eye-boggling £306.5 million from £118.87 million in the previous quarter.
According to business-sale.com, the most attractive investment proved to be office blocks, which accounted for 50 per cent of all investment buys.
Other buys include hotels, restaurants and shops, making the summer a prolific month for those selling commercial property.
Abid Jaffry, a property investment expert, commented on the fruitful market: “The investment market is still continuing to demonstrate an enthusiasm to acquire appropriate opportunities. There are signs that investors are moving up the risk curve but the precursor to the majority of buys is largely quality-led with assets which do not deviate from core fundamentals.”
As a whole, commercial property transactions across the entire UK rose by 22 per cent over the last three months, totalling £8 billion.
Written by Ashley Curtis 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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