Globally, commercial property markets are beginning to attract investment once again.
RICS Global Commercial Property Survey for the first quarter has revealed that many investors appear increasingly bullish towards market prospects.
In addition, the survey suggests a positive outlook for Q2 2011, with more countries expecting rents to rise and capital values to increase than in previous quarters.
The RICS Global Commercial Property Survey is a quarterly guide looking at developing trends in the commercial property investment
and occupier market. Respondents to the most recent edition were asked to compare conditions in the final three months of 2010 to current market circumstances.
"Sentiment continues to improve across much of the global commercial property market, which reflects the fact that more of the world is now beginning to enjoy economic recovery," Simon Rubinsohn, RICS chief economist, said.
However, real estate in a number of nations remains under considerable pressure, the report explained. In spite of this, there are areas, such as China and Singapore, where it is booming to such an extent that governments have been forced to take action to try and slow things down.
- Monday 09 May 2011