CoStar: NW ranked fifth for investment deals

A total of £772m of commercial property investment deals were completed in the North West in the first nine months of this year, according to statistics released by CoStar.

The commercial property analyst estimated that £331m of investment deals were carried out in the region during the third quarter, topping the £258m in the second quarter and £183m of investment in the first quarter.

The figures rank the North West in fifth place for the amount of investment deals completed in 11 regions of the UK.

CoStar estimated that £5.5bn of investment deals were carried out in the third quarter in the UK with the North West contributing 6% to the total figure.

London, the South East, Yorkshire and Humber, and the West Midlands were ranked above the North West.

CoStar said Manchester counted for 20% of the total North West figure with £150m of investment.

This latest investment bulletin produced by CoStar shows that the third quarter transaction level in the UK, which comprised around 1,000 deals, was a 25% increase on the first and second quarters.

However, Simon Marx, senior analytics manager at CoStar, did stress the North West proportion could change by the end of the fourth quarter. He commented: "There are so few deals taking place and so the market looks very volatile and unrepresentative."