A recovery in UK commercial property is not in store until at least next year, according to Reita's latest quarterly 'property investment perspective.'
Almost three in five (58pc) of the experts on Reita's panel believe investment conditions will not start to recover until 2009, with 35pc expecting an upturn in the first half and 23pc in the second half. Just over one quarter (27pc) expect to see a recovery beginning this year, while 8pc felt 2010 was more likely. Almost seven in ten (69pc) considered investor sentiment towards property as having deteriorated in the past three months. Moreover, while just over half (54pc) believe the UK is facing a short-term dip in economic performance, 27pc believe a recession is in store. Sentiment...
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