UK commercial property returns unsustainable - RICS

In its Global Property Survey, RICS says although UK investment property is performing well, investor and business demand has started to pick up in other major European centres, particularly in Germany and Italy. The survey also reveals investment in commercial real estate worldwide is rising at its fastest pace in 18 months, as the sector is shaking off the pressures of high oil prices and renewed investment competition from strengthening stock markets. RICS has predicted total returns of 17% on UK commercial property in 2006, falling to 9% in 2007, as it claims investors are choosing ...