Property market stabilising: British Land

The U.K. property market appears to be showing signs of stability after more than two years of falling property prices.

The latest evidence was delivered by property investment firm British Land, which reported the first rise in the value of its assets since 2007.

The firm said a positive shift in investor appetite combined with limited stock have helped market valuations since the summer. 

However, British Land still warned that transaction volumes remained low and that financial problems have not settled.

Earlier this week, the latest UK Monthly Index published by the analyst firm, Investment Property Databank Index (IPD), suggested that October was the third consevcutive month of growth in the property market.

British commercial property in October posted a 1.9% growth, according to the Index, with values buoyed by improving sentiment and returning liquidity.