Wed, 27 Feb 2013 | COMMERCIAL PROPERTY
Buying commercial property could become an increasingly profitable investment with returns forecast to increase from four per cent to eight per cent in 2013.
The forecast comes from Aviva Investors, which has claimed that this boost in returns will be driven by an increased risk appetite combined with cheap valuations. Indeed, commercial property is a comparatively cheap investment option at the moment, especially for those looking to invest overseas.
Philip Nell, manager of the Aviva Investors Property Trust, commented: “Combined with the continuing hunt for yield, the income generating credentials of real estate, and a real possibility of capital growth, this should result in a turnaround in sentiment towards the asset class this year.”
He also argued that industrials and offices outside central London are the most likely to drive returns over the coming years, although investors were advised to avoid “broad macro-sector strategies” due to the risks involved, as demonstrated by the current squeeze on the retail sector in the UK.
Regardless of the risks evident in certain niche sectors of commercial property investment, Aviva predicted a broad boost to growth over the coming years, a turnaround from a recent stagnation within the sector.
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