UK economic property and market review [electronic resource] Q1 2010
UK economic property and market review Q1 2010 [electronic resource]
- London GVA Grimley 2010
- GVA Grimley Economic and Property Market Review UK First Quarter 2010 .
Economic growth in Q4 2009 was a provisional +0.1% showing little real improvement from the -0.2% achieved in Q3. Output declined by 3.3% over the last 12 months and by 6% during the recession. The occupier market is now past the lowest point in the cycle but demand will improve only gradually and the fall in average UK rental values is not likely to reverse until 2012.The supply/demand imbalance for good quality investment opportunities has continued to exert downward pressure on yields and a strong double-digit return for 2010 is expected.
GVA GRIMLEY ECONOMIC AND PROPERTY MARKET REVIEW UK
United Kingdom--
333.6324 $2 18
Economic growth in Q4 2009 was a provisional +0.1% showing little real improvement from the -0.2% achieved in Q3. Output declined by 3.3% over the last 12 months and by 6% during the recession. The occupier market is now past the lowest point in the cycle but demand will improve only gradually and the fall in average UK rental values is not likely to reverse until 2012.The supply/demand imbalance for good quality investment opportunities has continued to exert downward pressure on yields and a strong double-digit return for 2010 is expected.
GVA GRIMLEY ECONOMIC AND PROPERTY MARKET REVIEW UK
United Kingdom--
333.6324 $2 18