UK's prime commercial property sector 'more volatile than other markets'
Date posted: 27 Aug 2010
The country's prime commercial property sector is more volatile than the markets that exist in some other European nations, an expert from Cushman & Wakefield believes.
Published by Tim Hill.
The volatile nature of the country's prime commercial property market has been emphasised by one industry expert.
According to the Cushman & Wakefield partner Michael Rhydderch, markets that exist in other continental European nations are often less volatile than the UK.
Over the course of the last 12 months, commercial property values in the UK have changed quite a lot, Mr Rhydderch went on to highlight.
He stated: "If you were talking to me a year ago, I would have said the UK definitely offers best value, but it has come back a bit since then."
Much of the prime commercial property market's value "has already been captured", he added.
In recent times, the expert believes that the market has swung back up in quite a dramatic fashion.
Earlier this month, the Commercial Development Activity Index published by Savills suggested that July saw a 0.6 per cent rise in UK activity.
Please contact Michaela Henson, Head of Property for further information or call 01223 225178
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Head of Property Sector
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