Is the secondary property market plain sailing?

clock • 4 min read

Secondary property has long been considered riskier than its prime counterparts, but now Michael Hardman, fund manager of the Longcross Property Investment fund, wants to dispel the myth.

Unless branded with the stamp of ‘Grade A' commercial stock, it would seem that all commercial property outside of central London is now classed as secondary. Effectively, all secondary stock is tarnished with a simple high yield that generalises the whole approach to property investment and engineering a steady return on capital. There are many different layers and fundamentals to secondary commercial property and it is impossible to brand as one category. There are benefits to the property crash of 2008 in that the "leverage monkeys" have been taken out of the market. Simple ...

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