The latest Commercial Property Auction Data (cPAD) Market Flash shows that in 2018 retail assets comprised their highest proportion of all sales since the start of the cPad series.
The retail sector accounted for 76% compared with 73% in 2017 and and a long-term average of 69%. By the end of 2018, the retail sale rate reached its highest level since early 2015.
Acuitus auctioneer, Richard Auterac, comments: “This reflects both the quality of assets coming forward for sale and the longer term opportunities for town centres seen by professional private investors looking beyond press headlines.
“Long standing private commercial property investors are continuing to place money in the market. This is reflected in a sharp increase in the sale rate to almost 87%, helped also by vendors adjusting their disposals to the current market appetite.”
To download the latest cPad Market Flash, please click here