UK commercial property sector ends 2012 strongly | 15 January 2013
The UK’s commercial property market experienced a positive end to 2012, thanks to improved figures in December, propertytribes.com reports.
Recently-published figures by EIG (Essential Information Group) have found that commercial property sales volumes grew by 12 per cent over the course of the year.
In total, the number of lots offered increased by 4.3 per cent to 661, whilst those actually sold rose by 7.9 per cent, to 479. This equated to a total value raised of £134 million, compared to the £105 million recorded in December 2011.
Looking at comparative figures for the last quarters of 2011 and 2012, the total number of lots offered increased by 0.6 per cent to 1,999. Sales, meanwhile, increased by 3.6 per cent to 1,481, making for a total sales volume of £360 million over the three months – up from £335 in 2011.
As is customary, each region around the UK posted different results, with the East Midlands seeing some of the best results. Midlands commercial property sales values in Q4 increased by 10.8 per cent between 2011 and 2012.
The figures will go on to influence the longer EIG report, which will not only compare recent totals with those of the last five years but also use this as a measure to forecast where the market will be headed during 2013. Whilst property118.com has not yet given an official date for the report’s publication, it is expected to be delivered “shortly”.
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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