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UK Commercial Property Sales at Highest Level Since 2008

UK Commercial Property Sales at Highest Level Since 2008

30th June 2015

According to data from HMRC, the number of UK commercial property transactions has reached its highest level since the economic downturn in 2008-09. Over 115,000 commercial property sales have completed in the UK in the last year alone. This represents a 6% jump on the previous year and is great news for the commercial property marker which has been going from strength to strength in the past few years.

The number of commercial property sales is up 24% from the low of 92,900 in 2008-09, but is still lower than the 2007-08 figure of 139,000 sales. This demonstrates the further potential for growth in this sector.

Figures from commercial law firm EMW, show that 97,500 of the 115,000 commercial property transactions were completed in England, accounting for 85% of the UK total. Nick Marshall, principal at EMW commented that “commercial property assets are proving increasingly attractive to investors looking for higher yields in an environment with record low interest rates. There has also been a surge of interest from overseas investors.”

Mat Oakley, commercial research analyst at Savills, added that “rental growth is no longer just a London story - an outward ripple of recovery suggests strong prospects for rental growth across an array of sectors and regions; this will benefit the South East and key regional cities before the rest of the UK. The challenge for investors over the next five years will be finding the asset management and rental growth opportunities that will deliver the best returns.”

To find out more about commercial property investment opportunities in Kent and the surrounding areas, speak to the county’s leading commercial estate agent, Sibley Pares. Call us on 01622 673086 to speak to a member of the team or click on one of the links below to view available properties to buy or rent.

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