(PRWEB UK) 14 September 2012
According to estimate figures published by the Office of National Statistics earlier this month, construction sector output fell by 5.2 per cent in the second quarter of this year, up from a fall of 4.9 per cent in the previous three months if 2012.
This lack of investment in offices, shops and other commercial spaces demonstrates that there remains a lack of confidence within the sector overall, and also combines with a weak demand from consumers.
During times of turbulence in the property sector many property owners may be forced to rent out spaces to stay afloat financially – and this can be particularly difficult if a commercial property or space was not bought with the intention to take on tenants.
Commenting on the situation, Ben Jordan from Premier Estates said: “It can be difficult for those with no experience to deal with the many complexities of renting out commercial space and dealing with tenants, but working with a property management firm with varied experience can make a situation simpler.”
According to SA Commercial Property News, cities in the UK are currently some of the most discounted in the world, making commercial investment a wise move for property owners seeking out a bargain. Manchester values are currently 40 per cent below their pre-recession high, and properties in Liverpool are 31 per cent lower.
Those looking for commercial property in Scotland might be interested to know that in Edinburgh, values are down 33 per cent compared to their level before the financial downturn.
Premier Estates is a leading provider of property management and has one of the largest and most varied property portfolios in the UK. Visit http://www.premierestateslimited.com/ for more information.