Commercial property investor appetite 'improving'

Levels of worldwide commercial property investment activity increased during the last three months of 2009, according to new figures.

The study by the Royal Institution of Chartered Surveyors (Rics) revealed that activity rose across 70 per cent of the globe, with Brazil and China leading the way in attracting interest.

In news which may interest those involved in commercial property management, it was revealed that the UK property market recovery was led by improvements in the London office market.

Simon Rubinsohn, chief economist for Rics, said: "Crucially, the improvement in investor appetite is being accompanied by a firmer tone to the rental market.

"This is key to ensuring that the recovery proves sustainable."

Earlier this week, a study by Jones Lang LaSalle revealed that commercial property capital values in the UK hit record levels in the fourth quarter of 2009.

Capital values reached 8.4 per cent over the period, according to the figures.