Article Abstract:
Criminal damage to commercial property, in Northern Ireland (NI), is paid for by the the state compensation scheme. Security issues are very important and property owners, such as retailers, should follow the advice offered by the Royal Ulster Constabulary. There are some differences in procedures in NI regarding property investment, compared to the rest of the UK. It is likely NI retail and leisure industries will experience increasing business. Rental values for retail outlets, in Central Belfast, NI, have risen to 175 pounds sterling, in 1998, from 40 pounds sterling, in 1998.
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Article Abstract:
The results of a 1997 study into value of distribution and industrial property found that prices were increasing, although rental values were only expected to grow by 2.9% in 1997 rather than the 4.1% predicted earlier. Spending by consumers continued to grow making retail outlets more popular to investors, particularly those from aborad. Total returns on property investment for 1997 were predicted to have increased by over 13.5%. The study was undertaken by Estates Gazette periodical and the Investment Property Forum.
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Article Abstract:
Latest institutional investment figures shows net purchase of 222 million pounds sterling during the first quarter of the year, and the Office for National Statistics figures have been revised upwards. There is a more positive feel towards the sector, although the trend is still erratic. Investment partner at Hillier Parker, Robert Farnes, has estimated that spending will be 2 billion pounds sterling, with 1 billion pounds sterling going on joint ventures and forward funding.
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