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Central London office markets remain dominant

The Central London Office market maintained positive momentum in July, with capital growth of 0.3% taking the year to date growth to 5.0% and total returns to 8.3%.

The London Midtown market was particularly buoyant, with capital values increasing by 0.8% whilst the West End market saw no growth for the first time since the market turned in 2009.

Nick Parker, Senior Analyst, CB Richard Ellis, said: "In July we saw a marginal increase in UK property values due largely to the strength of the Central London office markets.

"The occupier markets in Central London remain buoyant, driving rents and capital values up, and highlighting the relative merits of greater income security to investors.

"This, coupled with a general scarcity of good assets has meant that London has seen sustained growth over the past two years."

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