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On the up! Markets across Europe show improved confidence.
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Property industry could lose thousands under change of tax legislation.
The rate of growth in UK commercial property rents continued in Q1, increasing by 1.1% and 3.0% over the last twelve months according to the CBRE UK Prime Rents and Yields Index. The rate at which the average prime yield is falling also accelerated with a fall of 10 basis points over the quarter to stand at 5.9% at the end of Q1 2014. Falling yields and rising rents resulted in a large uplift in capital values across all sectors. Capital values for All Property increased by 2.9% over the quarter, with 9.7% capital value growth over the last twelve months.
Having had a wide range of cities play host to the annual BCO Conference, 2014 see’s the well established event head to Birmingham for the three-day industry conference. With the theme ‘Leading for Change’, the 2014 conference will explore the evolving office sector focusing on new ways of creating modern and innovative environments for people to work in.
We are delighted to announce the first commercial auction of the year will be taking place on 26th February 2014 at a new venue of The Montcalm Hotel (close to Marble Arch and Bond Street underground stations). Entries for lots are invited for this next auction until Friday 24th January 2014.