European Commercial Property Prices To Start Out Rising Again-00-6810

By Author: rafalinares
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Make the almost all of this prospect to invest because it are going to be short-lived says Angus McIntosh, Head of Research at King Sturge.

The International Property Consultant is freeing its yearly European Office market report surveying 45 European cities.

In 6 months' time, we predict that the price of prime commercial summations in the key European markets are going to be rising again, following the trend already set by London. By spring 2011 investors who haven't made a buy are going to have missed the bottom of the market.

Against a backdrop of weak demand for office space, rising availability and falling rents, prime London office space has been the target of investors since the beginning of 2010.

"London is distinctly at the centre of a great deal of investors' focus since sourcing prime summations on the continent is still relatively difficult says Chris Gore, King Sturge, London City Investment. Sterling's relative weakness helps the UK but investors only consider prime summations with security of income; the order of the day is wealth preservation instead of wealth creation"

There ...
... are signs that 2010H2 may be the low-point of the current cycle and London may be one of the markets at the forefront of the revival, altho farther downturns are still expected leastwise until the end of the year, with those office markets most open to international influences seeing the greatest changes.

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