Guaranteed rent london– UK Commercial Property Sector Sees Increased Activity in March
The latest research performed by Markit for Savill’s, the results of which were published on Friday April 13th, suggests that activity on the UK commercial property market increased last month.
In fact, March 2012 was the busiest period for commercial property developers in the past 2 years. 25% of respondents in the Markit research said they have seen improved activity on the property market, while only 12% reported a fall.
Commenting on the findings, Michael Pillow of Savill’s, said: “Encouragingly, this recovery appears to be broad-based and not just London-focused.” Growth was seen in both public and private sector works. “Developers are becoming slightly more optimistic about the prospects for economic growth, people are beginning to embrace the idea that a double-dip recession isn’t inevitable,†– added Matt Oakley.
Let us remind that earlier this month, Land Securities reported growth in the retail sector, which, according to the company’s chief executive, Francis Salway, positively affected the “best cities in the UK.”
View the original article here