RICS commercial property forecast [electronic resource] December 2008
RICS commercial property forecast December 2008 [electronic resource]
- London RICS 2008
- RICS UK Commercial Property Forecast December 2008 .
Total annual returns for commercial property for 2008 are set to fall back to 2006 levels. Forecasts property returns will fall further in 2009 although at a slower pace than in 2008. Suggests that rising defaults and credit spreads will prevent a near term recovery, resulting in a sluggish investment market. Considers that tenant demand is likely to remain subdued in 2009 and 2010, pushing rents sharply down.
RICS UK COMMERCIAL PROPERTY FORECAST
United Kingdom--
333.33 $2 18
Total annual returns for commercial property for 2008 are set to fall back to 2006 levels. Forecasts property returns will fall further in 2009 although at a slower pace than in 2008. Suggests that rising defaults and credit spreads will prevent a near term recovery, resulting in a sluggish investment market. Considers that tenant demand is likely to remain subdued in 2009 and 2010, pushing rents sharply down.
RICS UK COMMERCIAL PROPERTY FORECAST
United Kingdom--
333.33 $2 18