Globally, commercial property values and rental yields have been starting to rise once again as economies around the world return to strength. Following a turbulent two years the sector appears to be going through the early stages of recovery.
Recent research from Jones Lang LaSalle found that investment in the commercial property
market during the first six months of 2010 totalled USD132 billion - almost double the level seen in the period during 2009 (USD76 billion). And new figures show that French commercial property values also rose in the first half of the year.
Following a two-year decline in values in the French market, Investment Property Databank has said that properties ranging from apartment blocks to shops gained 1.6 per cent in the period, Bloomberg reports.
"French property has finally turned the corner," Christian de Kerangal, IPD's managing director for southern Europe, said in the report. "Since mid-2009, we have seen quite a lot of cash-rich investors seeking to buy prime stock - properties in prime locations, with financially strong tenants on longer leases."
- Wednesday 29 September 2010