‘Looking ahead to 2015 we expect that total returns will remain in double figures, but that rental growth will make a larger contribution. The recovery in the economy combined with low levels of development means that the balance between demand and supply is now swinging in favour of landlords and we anticipate that rental growth will accelerate,’ explained Owen.
After a very strong performance recorded in the first quarter of 2014, April’s returns across all UK commercial property continued to increase but at a slightly slower rate than in the previous month.
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