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Capital Flows Into UK Commercial Property Expected to Fall in 2002

LONDON-Net capital flows into UK commercial property are expected to total around Pounds 25 billion ($39 billion) in 2002, down from Pounds 32 billion ($50 billion) last year according to DTZ.

By Graham Parker | Updated on July 11, 2002

LONDON-Despite the strong investment market, agent DTZ expects a fall in the amount of new money coming into the property sector this year. In its 27th annual Money into Property report it forecasts that a net £25 billion ($39 billion) will be invested in UK commercial property in 2002, down from a record £32 billion ($50 billion) in 2001.

Last year saw record levels of commitment from providers of loan finance and high levels of net investment by property companies and foreign players. Despite this year’s fall, DTZ says the outlook is positive.

Mike Cutteridge, head of UK investment at DTZ said: “2002 is proving to be a good year for investment in UK property and we shouldn’t focus too much on the fall in activity compared to 2000 and 2001 which were both exceptional. I expect commercial property to continue to outperform equities with investors recognising its position as a safe long term investment.”

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