Savills comments on IPD March index
Savills’ director of commercial research, Mat Oakley, says rental growth in the UK commercial property market is expected to be “relatively volatile” in coming months. Reacting to last week’s IPD figures for March, BDO quotes Mr. Oakley as saying that national rental growth will remain uncertain until the market outside London starts to recover.
IPD’s March index showed a 0.1% fall in rental values. BDO notes that Mr. Oakley added: “I don’t think investors should worry. The UK as a whole is yet to recover. Looking outside of London, you could argue that there is probably the potential there to capture the uplift, whereas London has been recovering for about a year.”
