The Investment Property Forum has significantly downgraded consensus forecasts for total returns and rental growth across the UK commercial property market.
The consensus survey is now forecasting a minus 11.3% return from commercial property this year, more than double the minus 5.3% return predicted in the same survey last year.
It says capital values are set to decline by 17.9% this year and rental values by 10.3%. However, the consensus remains that this year will see the bottom of the market with a recovery beginning through 2010.
A sharp bounce back is expected for 2011.
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