Simon Molica of OBSR asks property managers for their views about the future of the sector.
Investors have seen a remarkable recovery in property market conditions over the past 18 months. The UK commercial property IPD index peaked in August 2007 and subsequently fell by more than 35%, bottoming in July 2009. Lending markets almost completely closed in some areas and, at the same time, demand from tenants was weak. UK property funds experienced significant redemptions prompting them to sell properties into a falling market to raise cash. From its nadir, the IPD index has recovered more than 25%, as at the end of August 2010, in a rebound that has surprised many observers. L...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes