Commercial property "mini boom" unlikely to last, expert suggests
Date posted: 08 Jan 2010
The "mini boom" that the UK''s commercial property market currently appears to be experiencing is unlikely to last in the longer term, an expert suggests.
Property economist Kelvin Davidson of Capital Economics has noted that his organisation does not expect to see very strong economic growth over the course of the next 12 months.
He commented: "Our forecast is that you will see this mini boom - not only in London, but across the country - fade out later this year."
The "mini boom" that the UK''s commercial property market currently appears to be experiencing is unlikely to last in the longer term, an expert suggests.
Property economist Kelvin Davidson of Capital Economics has noted that his organisation does not expect to see very strong economic growth over the course of the next 12 months.
He commented: "Our forecast is that you will see this mini boom - not only in London, but across the country - fade out later this year."
Mr Davidson went on to say that market overvaluing could become an issue if the small-scale boom he speaks of lasts for a prolonged period of time.
The opinions outlined by Mr Davidson follow the publication of recent commercial rent predictions made by King Sturge.
A 10.5 per cent rent rise may be seen among prime properties in the central London region by the end of this year, the organisation estimates.
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