An increase in transactional activity
The first half of 2009 has seen a volatile commercial property market, but there has been an increase in transactional activity as the second quarter has progressed.
We’ve seen an increase in the level of viewings and interest in commercial property from the occupational market and this has also transferred into both lettings and sales as the year has progressed. This increased activity seen by our commercial agency business has coincided with the talk of “green shoots” in the economy as a whole.
I am very cautious of predicting anything other than a modest rise in activity overall, has the underlying view is of a lack of confidence from business in both the economic and political situation in the UK. This is compounded further by the tight availability of funds for both capital and operational expenditure. The market has seen increased demand for prime investment opportunities at the lower capital end (sub-£5 million), as investors seek better financial returns than provided by cash.
Carter Jonas is well-placed to serve our existing and future clients’ agency needs across the Eastern Region, from our offices in Cambridge, Northampton and Peterborough.
Head of Commercial Division
Scott specialises in providing advice on agency and development matters to a wide variety of clients from private individuals and trusts through to property funds, institutions, companies and statutor...