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Commercial property in high demand according to RICS

Commercial property in the UK has grown to its highest levels since 1998 according to new research.

UK Commercial Investments

Commercial property in the UK has grown to its highest levels since 1998 according to new research.

The Royal Institution of Chartered Surveyors (RICS) survey revealed that the commercial property sector is set to experience a surge in the UK, with demand having grown for the tenth consecutive quarter and 46% of survey respondents expressing interest in the commercial market.


The report demonstrates the growing interest in the sector, as buy-to-let mortgage enquiries from overseas buyers rose to 34%, a dramatic increase from the 17% of Q4 2014.


RICS has highlighted the growth in the number of overseas enquiries as indicative of the more widespread economic recovery and economic expansion.


The property investment market, across all asset classes, continued its growth with 49% of surveyors indicating that they had seen an increase in the number of prospective investors.


Availability of commercial property has also fallen, with 38% of surveyors stating that they have seen fewer commercial properties available on the market.


The growth in demand, fall in supply and more restrictive market conditions are contributing to the rise in rental expectations for industrial and office properties.


Growth of the sector is expected to be led once again by the capital, with office space in London predicted to perform most strongly. This is a part of the wider confidence in the commercial market across the UK, with all regions expected to experience a positive year ahead according to the report.

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