9 Dec

Lloyds: Regional recovery on cards for UK commercial property

Lloyds: Regional recovery on cards for UK commercial property

Regional recovery will begin to occur in the UK commercial property market over the next three to six months, according to Lloyds Bank’s Commercial Property Confidence Monitor.

Market confidence has significantly increased in the south-west and the north-west by 86 per cent and 77 per cent respectively, which will no doubt be seen as a positive sign to independent agents operating in these areas.

Out of the 500 real estate professionals that took part in the survey, 88 per cent believed that asset values will go up over the next six months.

What’s more, 63 per cent of major businesses stated that they planned to increase their total investments over the coming months.

Marty Green, managing director of mid-markets corporate real estate at Lloyds Bank Commercial Banking, said: “We are seeing our London based mid market investors and developers actively looking to grow and they are largely having tangible success. Outside London is quite a different story and many quality assets are trading in the regions to London and internationally based funds and major investors.”ADNFCR-1222-ID-801670172-ADNFCR

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