Commercial property to remain resilient in long-term
Buy to let commercial properties will “remain resilient” in the long-term, despite the current economic climate, according to one industry expert.
Hans Vrensen, global head of research at DTZ, said the capital values of commercial properties will be very resilient.
“In Europe, we see some of the industrial or logistic sectors being negatively impacted, but pretty much across the board globally we are expecting capital values to be resilient,” he explained.
However, he revealed that in the next five years there will be some winners and losers in each of the regions.
“We forecast a temporary pause in this activity because we forecast transaction activity to be down by about six per cent [...] before picking up in 2013,” the expert noted.
Knight Frank recently revealed that despite the impact of the eurozone crisis and a degree of investor caution over the economy, the south-east office investment market in the UK has been buoyant in terms of activity.
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