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Get out of UK commercial property

Associate Editor David Stevenson Money Week

Housebuilders: steer clear

Housebuilders: steer clear

Last week brought great news for fans of offices, shops and warehouses.

Sales of UK commercial property doubled in 2009’s fourth quarter compared with the year before, according to Property Data (PD). Property funds snapped up £3.3bn of new assets in what was dubbed the “return of the institutions” by PD’s Mark Pickering. And 41% of buyers of British commercial bricks and mortar came from overseas.

So does this raft of stats mean UK commercial property has really turned the corner, and it’s time to pile back in? Actually, no it doesn’t...

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