A year of positive growth recorded for commercial property sector

Twelve consecutive months of capital growth has been recorded by the UK's commercial property market, according to new research.

The Investment Property Databank (IPD) research has revealed that markets have grown by 15.5 per cent since August of last year.

The organisation said that, despite only recording growth of 0.2 per cent last month, this was the same increase recorded when the recovery started and the last time the sector was able to say it had enjoyed a year of consistent growth was June 2007 - at the height of the property boom.

Mark Clacy-Jones, IPD research manager, said, "The rebound to date has delivered capital appreciation at more than twice the growth rate of the final 12 months of the last property bull run, which puts into context just how far markets have recovered."

The retail sector recorded an impressive 8.6 per cent growth, making it the sector that has recovered the most since the property bust. Retail was followed by the office market, which rose by 13.8 per cent.

This isn't the first positive growth recorded by IPD of late – last month the firm released research showing that there was a 1.9 per cent appreciation in the commercial property sector in the second quarter of 2010, which was attributed to the softening influence of yields and rents.

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