Prime UK commercial property rent values rise by 0.7%
Commercial real estate services and investment firm, CBRE, have announced in their latest Prime Rent and Yield Monitor, that UK prime commercial property rental values saw an increase of 0.7% in Q2 2018.
For full briefing click here. Property Market Review August 2018
INTEREST RATES UP BUT NO RUSH TO RAISE AGAIN
The Bank of England (BoE) has raised interest rates for only the second time in more than a decade, but stuck to its previous guidance that any further monetary tightening is likely to be only gradual and limited in extent.
For full briefing click here. Economic Review August 2018
Reduced supply means higher rents over next five years
The Royal Institution of Chartered Surveyors (RICS) latest survey indicates that rents could escalate by as much as 15% over a five year period, as a ’perfect storm’ of diminishing supply of rental properties, combines with increasing demand from tenants. RICS estimate that rents will increase by up to 2% over the next twelve month period alone.
For full briefing click here. Residential Property Review August 2018