Property investors in UK need to be aware of hidden threats in 2012 | Europe | News
Hidden threats for investors in commercial property are set to rise during 2012 so that looking under the ‘car bonnet of deals’ will be more important than ever, according to international property consultants and chartered surveyors Cluttons.
While efforts continue to stimulate the domestic economy, events unfolding outside the UK are still calling the shots on UK property, it says in its commercial property market outlook report for the third quarter.
But in the face of global uncertainty, and with senior debt having dried up, the London property market is benefitting from cash injections, particularly from foreign investors.
‘Central London’s unique ability to produce genuine rental increases in the office and retail occupier markets has ensured it retains its attractiveness for both UK and overseas investors. Indeed, the Eurozone turmoil and resulting volatility in the financial markets have reinforced the appeal of well let prime and good secondary assets, particularly those with secure bond characteristics,’ said John Barrett, head of commercial valuation consultancy.
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