Property slowdown ''coming to an end'' - commercial mortgages

14 February 2008

In news which may interest those with commercial mortgages, new figures for commercial property capital values have been released, which suggest the property downturn may be coming to an end.

The CB Richard Ellis monthly Index has shown that total returns for January 2008 showed a 1.6 per cent decline in values.

However, propertyweek.com noted, this was a much better performance than that of other investments such as stocks and shares, while the drop in capital values, at 2.1 per cent, was less than half the 4.3 per cent fall in December.

The news comes as the managing director of developer Urban Splash, Simon Gawthorpe, has said the Yorkshire property sector is well placed to rise out the present dip.

He told TheBusinessDesk.com that the region was strong enough to see out this period, with Bradford and Leeds working together to develop as a city region.