Insurance News Archive
Commercial property market 'remains buoyant'
The European commercial property market remained strong in the second quarter of this year, signalling a potential rise in commercial property insurance purchases.
According to the Royal Institution of Chartered Surveyors' (Rics) Global Commercial Property Survey Q2 2011, despite the recent financial "soft patch", central and eastern European markets witnessed strong positive growth in terms of occupier and investment demand.
The report found that the core European countries including the UK, France, Germany, the Netherlands and Belgium showed positive development starts in the second quarter of this year coupled with strong rental predictions for the third quarter.
Meanwhile, Greece, Portugal, Spain and the Republic of Ireland sat around the bottom of the rankings for most of the key indicators.
Simon Rubinsohn, chief economist at Rics, said: "Capital value and rental expectations remain buoyant in much of the world, indicating a continuing level of optimism."
Mat Oakley, director of commercial research at Savills, recently said that there is clear evidence of pick-up activity among the UK's best regional office and retail markets.
Posted by Dan Winters
01 Aug 2011
