Whilst capital value slowed in June, commercial property rents were up 0.2 per cent, according to the latest CBRE index. Rental value growth was however down in the first half of the year, with a 1.1 per cent growth, as opposed to 1.7 per cent in the same period last year.
Demand for commercial rental property seems to continue to be strong, but the real numbers will show in the July index when we see how asset values have been affected as a result of the Brexit vote.
At Beavis Morgan, we act for all types of property professionals, from solicitors and property managers, through to architects and building project managers. We also work with a broad range of property investors and developers who actively need advice on how to best structure their property deals, both to ring-fence and protect their property assets, as well as to minimise the tax arising from their business operations.
Our property specialists are readily available to you and are committed to helping to support property sector businesses. Please contact Peter Drown to find out more about how we can assist you and your business.