Time to act as values rise
We love to hear good news at NovaLoca (and we are not alone in that!) so we were pleased to see Land Securities announce that its share in Birmingham’s Bullring shopping centre has appreciated by 5% since March this year. According to King Sturge, most of this increase has occurred within the past month.
We hope this news will encourage those that have been holding back to go ahead and invest. All investors and occupiers want to be sure of getting the best deals and need to see signs of confidence that investments are going to increase in value. We hope this is another indication that now is the time to act!
Here at NovaLoca, August was our busiest month to date in terms of the number of new property listings added, so we have even more reasons to be positive. We also recorded a 10% increase in the number of property details being looked at by occupiers, compared with July. Interestingly, the number of leads sent through to agents did not grow to the same extent, which could indicate that while there is a growing interest in the market, some are still reluctant to commit. We will continue to watch our statistics over the next few months and look forward to reporting rising numbers of leads as confidence builds.
For more information about Land Securities and its Bullring investment, see http://www.guardian.co.uk/business/2009/sep/21/bullring-sale-property-investment-turnaround
