Wed, 11 Dec 2013 | COMMERCIAL PROPERTY
The latest data suggests that UK commercial property will offer 11 per cent returns for investors over the course of 2013.
The CBRE's latest Monthly Index showed that total returns reached 1.6 per cent in November, meaning they are at 9.3 per cent for the year to date and if the rate of growth continues then the total returns over the course of the year look set to reach 11 per cent.
Aleksandra Starczynska, from CBRE Research, commented on the data: “A repeat of November’s performance would result in total returns of 11 per cent for the year, the highest annual result since 2010 and far in excess of 2 per cent achieved last year. More importantly, performance is spreading across the country with all sectors and regions starting to benefit.”
Central London offices were found to deliver particularly strong returns, with the West End and the City driving performance. Other sectors also shown gains, with the retail sector offering total returns of 1.1 per cent in November and capital value growth of 0.6 per cent. However, shopping centres didn't quite keep pace with the rest of the sector, showing only a small capital value increase.
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