Close Property Management is predicting returns of 10% from the asset class this year, matching what...
Close Property Management is predicting returns of 10% from the asset class this year, matching what it achieved in 2002.
The group's managing director Peter Roscrow believes an actively managed mix of commercial and residential property should do well in a buoyant market. While he has factored in growth of 10% from the UK housing market he does see areas of concern, in particular buy-to-let. There is already oversupply in central London, according to Roscrow, which will worsen should interest rates rise.
On the commercial side, Roscrow said out of town shopping centres and retail warehouses are attracting interest from institutional investors in the light of a shortage of supply coupled with increased tenant demand and government policy restricting out of town development.
Launched November 2018
£15m group claim
'Nothing particularly different' - expert
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