000			01746cad a22002295a 4500
001			L140144
008			070907s2007 xxkd f s 000 0 eng d
035			_a(Sirsi) u140144
041	0		_aeng
050	0	4	_a332.6324 $2 18
110	2		_aGVA Grimley _93646
245	0	0	_aUK economic property and market review _bthird quarter 2007 _h[electronic resource]
260			_aLondon _bGVA Grimley _c2007
490		0	_aGVA Grimley Economic and Property Market Review UK _vThird Quarter 2007
520			_aReports that strong economic growth has occurred, but that inflation remains a concern. Employment growth is healthy. Considers all property rental growth to be at the peak of its cycle. Expects the rate of office rental growth to should slow over the next four years, but for retail property, expects 2007/08 to be the bottom of the cycle. Considers the sharp downward movement of commercial property yields seen over the last five years appears finally to have come to a halt. The UK commercial property sector has lost its risk premium over gilts and borrowing costs are now higher than property yields. Concerns about debt and borrowing and stock market volatility have caused a general re-rating of risk and higher investment risk premiums. Together with higher interest rates, expects this to put pressure on property investment yields. Forecasts total returns this year from direct property investment of 7.3%, and 4% in 2008.
590			_aKA
650	2	4	_aGVA GRIMLEY ECONOMIC AND PROPERTY MARKET REVIEW UK
651		4	_aUnited Kingdom _y
690			_aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY MARKET
856	4	0	_uhttps://www.gvagrimley.co.uk/x4190.xml _zView this item free of charge at www.gvagrimley.co.uk...
942			_n0
999			_c107438 _d107438