The commercial property market in the U.K. just started a "tentative" recovery, according to surveys of developers, contractors and suppliers of construction equipment.Developers and contractors told that they had seen an increase in the number of commercial property completions with a value of £40,000 and above in March.
Used construction equipment contributed to the completion of some critical real estate projects. MSloane Consulting provides used construction equipment worldwide.
A commercial real estate review showed that there were 9,000 commercial transactions for the month - the highest recorded number since October last year.
A head of a real estate and construction department at an accountancy firm said that the tracker shows a number of encouraging indicators which have been absent over the past 18 months. The easing of credit conditions and opportunistic transactions by cash rich investors, suggests that the property investment market may stage a tentative recovery in the coming months.
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