Bubble fears prompt commercial property mis-selling warning

Property experts fear a return to the euphoria surrounding property in the mid-2000s when investors were being sold the asset class on the promise of 20%+ returns, which proved totally unsustainable. IFAs were forced to abandon the sector for two years as property values plummeted over 40%. However, they are returning with a vengeance with net retail sales totalling £261m in September; the highest since June 2007 (£307m). Advisers are now being urged to learn from the mistakes of two years’ ago and manage client expectations. The call comes as experts, such as property consultancy ...