Value of offices, shops and warehouses outside London rose 0.8% in Q3
Commercial property values in the UK regions returned to growth in the third quarter of 2013, according to real estate research firm IPD’s UK quarterly property index.
Having fallen by 7.3% over the last two years, capital values of offices, shops and warehouses outside of London rose by 0.8% over the period.
Phil Tily, IPD executive director and head of UK and Ireland, said: “Price pressure in the prime end of the market is prompting investors to venture further afield in search of higher required rates of return, buoyed along by the prospects of improved economic growth.”
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