UK Commercial Property Market Slows Down – CBRE

Data on commercial property values published by CB Richard Ellis (CBRE) on Friday, November 5th, showed that growth on the UK market slowed in October.

On average, prices of business property in Great Britain rose by 0.2% in October 2010, which is 0.1% down from the rises seen in August and September. London was the only city that demonstrated strength, which prevented the overall UK commercial property market from sliding into the negative territory.

Commenting on the figures, Mr. Parker of CBRE said that "the market continues to lack direction, and aside from central London offices the other subsectors may be nearing an inflection point."

Growth of commercial property prices in London slowed to 0.7% in October, down from 0.8% in September. The most demand was seen by offices, followed by retail and industrial properties.

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