Commercial investments to decline in price

UK entrepreneurs transferring money to overseas investments may be able to snap up premises at affordable rates for some time, according to industry experts.

Commercial property consultants Knight Frank recently explained that the prices of business premises in Europe are likely to fall further.

Christopher Bell, managing director of the firm, explained that rates are expected to decline on the continent throughout the year as the region was hit by the recession later than the UK.

"Europe broadly went in nine months behind the UK and has caught up pretty quickly," he said.

"The speed at which the changes have occurred has been slightly slower and slightly more protracted."

Figures from the company reveal that European countries are forecast to be through the worst of the downturn by next May, meaning expats intending to transfer money to overseas mortgages on their commercial properties may be able to pick up bargains until then.

Business property investments plummeted by 50 per cent in Germany at the start of this year, according to Jones Lang LaSalle.

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By Linsey Summers.