Commercial property values fall

19-11-2008

Commercial property values fell by 4.3 per cent last month, according to new figures released today (November 19th).

Builder & Engineer Online has reported that the Investment Property Databank's index has seen its largest monthly fall since it was started 22 years ago.

Furthermore, the report showed that total returns dropped by 3.8 per cent and across all sectors rental value growth fell by a further 0.3 per cent - a worse result than the 0.2 per cent drop witnessed in September.

Total returns in the office sector also fared badly in October, with monthly capital value falls of 4.3 per cent - the steepest monthly change in almost five years.

Meanwhile, LDP Business recently reported that UK developer Hammerson has announced that it is to put on hold all of its current developments until at least the end of 2009.

It stated that falling demand in London and overseas has led the company to focus on design aspects until the property market picks back up again.

Related News Articles

05-01-2009Merseyside developments fall by 40%

05-01-2009Chorley development gets go ahead

02-01-2009Government 'should lead on green design'

02-01-2009Kenmore completes Manchester refurbishment

31-12-2008Public buildings emit more CO2 than Kenya

Morgan Lovell - Office interior design, fit out and refurbishment

Workplace appraisals
Work out how much space you need for your people, storage, IT and growth.

Office interior design
Award-winning office designs that'll wow your clients and work well for you.

Office fit out
Transform an empty space into an exceptional office.

Office Refurbishment
Make more of the space you've already got (without disrupting your business).

Sustainable workplaces
From sustainability assessments to sustainable office design, fit out and refurbishment.