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Global Commercial Property 'Robust'

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Global Commercial Property 'Robust'

By - Friday 29 July 2011

The latest Royal Institution of Chartered Surveyors (RICS) Global Commercial Property Survey has described the majority of markets around the world as "robust". According to the organisation's findings, many of the countries included in the report have seen investor and occupier demand rise.

China and Hong Kong were named as the top-performing economies, while Russia, Poland and the Czech Republic have also seen their commercial real estate sectors improve. In addition, France and Germany were among the other European nations to experience positive sentiment during the second quarter of the year.

However, RICS cautioned that other destinations in the continent - most notably Greece, Portugal and the Republic of Ireland - are continuing to struggle. Chief economist at the organisation Simon Rubinsohn stated that it is unlikely that the gap between Europe's top-performing markets and the more peripheral economies will narrow over the coming months. The report also revealed that Spain's commercial property market saw demand from investors take a positive turn, while an increase in occupiers seeking space was also recorded.

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