Overall recovery in the UK commercial property market
is "very patchy" outside of London, Capital Economics has said.
Figures from the Investment Property Databank show that during February, the UK commercial real estate
sector saw capital growth of 0.2 per cent.
Ed Stansfield, property economist for Capital Economics, said that at present the market is "very dependent" on precise circumstances, while owners of assets in much of the market will find it "very difficult" to attract a buyer.
He added that, while not thriving, the markets outside of London are not dead "by any stretch of the imagination", however, the overall picture remains very patchy and very selective in terms of what people will and won't buy.
"There is a growing sense from people that there are opportunities to be made within this flat market [by] taking advantage of people who are in a situation where they would rather no longer be owning vacant property," Mr Stansfield said.
- Tuesday 22 March 2011