London Office Values Could Gain 25% Over Next Five Years
- Post-Brexit comeback should see capital outpace Europe: DWS
- Recovery in rents predicted to support office price increases
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London’s office market is set to awaken from its slumber.
Values in the U.K. capital should jump about 25% over the next five years, outpacing other European capitals, according to DWS researchers. The price gap that’s opened up since the Brexit referendum will narrow thanks to the U.K.-European Union trade deal and economic prospects for London that now makes the city look cheap by comparison, the firm said in a report Wednesday.