Property values 'will level out' 12th July 2010

Those in serviced offices will find that property capital values are set to level out in the coming months, it has been suggested.

Recent research from CB Richard Ellis showed capital growth slowed to 0.6 per cent last month, meaning the year-to-date increase in property values is 6.8 per cent.

Kelvin Davidson, property economist at Capital Economics, said: "There is going to be a double-dip recession and fiscal policy. There are a range of factors out there that are weighing on people's feelings about how secure their income streams are."

He added that once these factors are taken into account, property does not appear as good value as it did 12 months ago.

The latest report from Investment Property Databank found that commercial property capital growth rose by 0.5 per cent in May.

Businesses may wish to consider a move to a serviced office during the ongoing economic uncertainty.

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