Corporate foreign exchange news

International business property sales on the mend

Friday, 29 January 2010 09:23:07 GMT

Published by Mark Smith-Halvorsen
Global business property rents enjoyed a recovery in 70 per cent of countries in the fourth quarter of 2009, figures from the Royal Institute of Chartered Surveyors show.
While London led the way to recovery at the end of the year, the group has predicted that emerging markets will see the most buoyant activity in 2010, which may make branching out overseas a lucrative prospect.
However, sterling-based buyers may need to be particularly attentive to movements in foreign exchange markets as the pound suffered broadly against its major competitors in 2009.
Commenting on the Jonathan Hull, head of capital markets at CB Richard Ellis, said there is a "huge amount" of capital focused in commercial property markets.
"Real estate and commercial real estate offers a very secure cash flow and is a very interesting, complementary sector to equities and bonds," he explained, adding that Poland appears to be a particularly active European market.
Poland was one of the few EU countries to avoid recession in 2009.
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