Commercial real estate prices in the UK regions rose by 35% between Q4 2013 and Q4 2014, reflecting the strongest growth in Europe, according to DTZ research.
This growth was supported by a record £36bn of regional investment in 2014.
Prices for all European commercial real estate grew by a record 7.8% quarter-on-quarter in Q4 2014, pushing annual growth in prices to a record 20%.
The European price growth was also supported by the highest quarterly volume of investment, with €65bn invested across Europe in Q4 2014.
Following relatively weak growth in continental Europe over recent quarters, price growth accelerated in the fourth quarter. The annual rate of growth rose from 3% in Q3 2014 to more than 14% in Q4 2014.
Magali Marton, head of EMEA research at DTZ, said: “The strong growth on the continent can be attributed to a higher number of assets sold in the Nordics, notably Sweden, where assets were sold at a premium to their previous sale price.”
