Commercial property values rise in November

Office design news from Morgan Lovell

Published on 15-12-2009

Figures from the latest Investment Property Databank (IPD) UK Monthly Index have shown commercial property prices rose on average by 2.4 per cent last month.

These latest statistics bring the ongoing quarterly growth rate for modern office design value up to 5.4 per cent, reversing price falls which were apparent in the first nine months of the year.

Malcolm Hunt, head of UK client services at IPD, said: "The recovery in UK commercial property markets over the last four months has gathered enough momentum to make a positive annual return for 2009 achievable."

Elsewhere, Patrick Sumner, head of property equities at Henderson Global Investors and chair of Reita, recently noted the months ahead could hold significant opportunities for investors looking to put their money into commercial property in the UK.

He argued price falls over the last year and a half mean there are many bargains to be had, with central London offices presenting particularly good value at present.

Posted by Ian Johnson.