UK economic and property market review [electronic resource] second quarter 2007
UK economic and property market review second quarter 2007 [electronic resource]
- London GVA Grimley 2007
- GVA Grimley Economic and Property Market Review UK Second Quarter 2007 .
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.
GVA GRIMLEY ECONOMIC AND PROPERTY MARKET REVIEW UK
United Kingdom--
332.6324 $2 18
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.
GVA GRIMLEY ECONOMIC AND PROPERTY MARKET REVIEW UK
United Kingdom--
332.6324 $2 18