Recovery Expected for Regional Property Markets

Regional property markets should see more investor interest over the coming months, it has been noted, with one expert in real estate investment explaining...

Regional property markets should see more investor interest over the coming months, it has been noted, with one expert in real estate investment explaining that there are opportunities opening up in several areas. Chief executive officer and head of markets at Lambert Smith Hampton Ezra Nahome pointed to Scotland and Thames Valley as two examples.

Speaking at a Property Week webinar, he commented that the Scottish office market has experienced "quite a lot of recovery", while Thames Valley has recently recorded an improvement "in terms of tenant demand and the take-up of space".

However, Mr Nahome added that in order for a real recovery to take place across the UK's regions outside of the capital, investor confidence will need to grow. He went on to point out that currently there is a significant gap between the values and performance of London property compared to elsewhere in the country.

The latest UK commercial property report from CB Richard Ellis, which was published on July 15th, revealed that prime rental growth in the commercial property sector was steady during the second quarter of this year and only recorded a marginal drop on figures from the first three months of 2011.
 

- Tuesday 19 July 2011

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