Consultant reports improvement in commercial property market

A leading property consultancy firm says the market is showing signs of life.

CB Richard Ellis says there is increasing interest from international buyers in the investment sector and transaction volumes in some sectors have increased in recent months.

In its latest bi-monthly report the commercial property firm says rental and capital values remain under pressure and it is not hopeful for the short-term prospects of sectors such as development land and hotels.

However CB Richard Ellis says it is confident of what it calls a 'meaningful improvement' in the data for investment and occupier sectors for the three months to the end of September.