4 Feb

UK property 'an attractive investment'

UK property 'an attractive investment'

British property has become an increasingly "attractive investment" over the past two years, one industry expert has claimed.

Oliver Gilmartin, senior economist at the Royal Institution of Chartered Surveyors, commented that the UK's property market is better placed to provide returns on investment compared to some of its European counterparts.

He put this down to the exchange rate of the pound against the euro and the turnaround in the UK's property industry that has been quicker than many on the continent.

Mr Gilmartin also noted that the lack of development within the London market over the past two years has started to become apparent in terms of rental expectations, particularly with the grade-A quality space that has not been entering the market.

On January 5th, King Sturge asserted its belief that prime central London commercial rents will rise by 10.5 per cent by the end of this year.

Meanwhile, property consultancy Knight Frank predicted that prime city rents will grow by 19 per cent during 2010.ADNFCR-1222-ID-19598472-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.