At the BCSC Shopping Centre Management Conference being held this week, speakers have referred to a range of reasons for caution about the short-term outlook for retail property in the UK. However, they have also stated their belief that brighter horizons (the title of the property forum) are not far off, with better times expected in 2011.
At the Bournemouth event, Professor Joshua Bamfield, director of the Centre for Retail Research, predicted slow and steady sales value growth in 2010 overall, but accelerating growth in 2011, reaching 3.4% for the year. He also expects Christmas 2010 to be good for the retail sector, pointing to high personal savings rates in the UK and an improving housing market.
If you are seeking retail premises for sale or to let, or are looking to market your retail properties, then contact Chris at Novaloca.com on 01767 313 380.
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