There are positive signals for the UK commercial property market, with lending expected to rise by 32% by 2028.
Property law specialist Newmanor Law analyses emergent trends that could mean 2024 is a positive turning point for the commercial property market, while leading commercial lender Together also releases a report that estimates commercial property lending will rise by 32 per cent to £118 billion by 2028.
Challenges of the present
The economic landscape for commercial property has seen some changes. The rise of e-commerce, reducing footfall in retail stores and hybrid working reducing demand for office space has impacted the sector of late.
In addition, for roughly the past two years, mortgage rates have risen to be higher than they have been in 15 years.
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