Property market upturn predicted

‘Deloitte has forecast that the year 2013 will mark the bottom of the UK commercial property market.

While it is expected that recovery will not be evident until later in the year, the downward trend in commercial capital values should halt as investors widen their focus outside of core markets.

Elsewhere, a survey by PwC has said that Munich is the best European city to invest in commercial property in. It was followed by Berlin, London, Istanbul and Hamburg.’

Sources: The Business Desk, The Press & Journal

Myfanwy Neville

Partner: Property and Construction, Sustainability and ESG

T +44 (0)20 8922 9376
E Myfanwy.Neville@bkl.co.uk

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