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UK economic and property market review second quarter 2007 [electronic resource]

By: Language: English Series: GVA Grimley Economic and Property Market Review UK ; Second Quarter 2007Publication details: London GVA Grimley 2007Subject(s): LOC classification:
  • 332.6324 $2 18
Online resources: Summary: Reports that economic growth has stabilised at a rate slightly above the trend. Employment growth has remained robust. Despite interest rates reaching 5.5%, high inflation means real interest rates are still low. A further interest rate rise is expected, which anticipates weaker economic growth. All property rental growth is considered to be at the peak of its cycle. Central London office rents are still rising strongly. A convergence of rental performance in the retail, office and industrial markets are expected. The commercial property investment boom appears appears to be ending, with yields predicted at 9.5% for 2007.
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Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 138523-1001

Reports that economic growth has stabilised at a rate slightly above the trend. Employment growth has remained robust. Despite interest rates reaching 5.5%, high inflation means real interest rates are still low. A further interest rate rise is expected, which anticipates weaker economic growth. All property rental growth is considered to be at the peak of its cycle. Central London office rents are still rising strongly. A convergence of rental performance in the retail, office and industrial markets are expected. The commercial property investment boom appears appears to be ending, with yields predicted at 9.5% for 2007.