UK Commercial Property Values Rise by 0.1% - IPD

According to the latest report by Investment Property Databank published on Tuesday, December 14th, the value of UK commercial property only increased by 0.1% in November 2010.

Let us remind that last month the rise also amounted to 0.1% and caused concerns of British property experts who though that prices of commercial objects might experience a double dip.

UK commercial property market has been recovering for the past 16 months, after the collapse of values 2 years ago.

In the past months, however, the growth slowed significantly and commercial property experts are still concerned that investors will overlook the British market. The future of the prime sector, however, is brighter as investment volumes in expensive commercial objects are expected to boost in 2011.

The Investment Property Databank Index for November 2010 is based on the measurements of 3,649 properties, the total value of which amounts to £32.9 billion.