Rental values in the outer London and M25 office market have increased by 0.7% in January 2016, bucking the trend of a quiet January, according to CBRE.
The firm’s monthly index recorded stronger growth than both central London (0.4%) and offices in the UK regions (0.3%).
It reports rental value growth across UK property slowed to 0.1% in January from the 0.4% seen for the past three months of 2015.
This was in line with figures since the beginning of 2010 which have shown January’s performances are always weaker than December’s.
Total returns across all UK property also fell from 1.1% in December 2015 to 0.6% in January 2016.
CBRE head of UK research Miles Gibson said: “It’s encouraging to see the outer London and M25 office market bucking the trend to deliver value for investors and developers alike.
“Historically January is always a quieter time for the market, with everyone taking stock of what the year ahead could bring. Figures we’re seeing for the start of 2016 are no different.”
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