Friday, Feb 09, 2007
Things aren't looking good for the commercial property market
MoneyWeek: Is commercial property set to disappoint?
Next month's inflation report will no doubt be like every other inflation report - hopelessly optimistic. And that will cause problems for UK retail investors' favourite asset class...
Posted by mary @ 05:02 PM (163 views) Add Comment
3 Comments
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1. japanese uncle said...
Famously in Tokyo, they say it is time to pull from the market when housewives and co-eds start to chat about share investment. Those cunning fellas are already out, leaving the dumb, not thinking on their own, but just following the herd, doomed to hell. This holds good in any form of investment.
2. Cheekie Charlie said...
"So what Mr McNamara is saying, is that if people keep buying into commercial property, it will keep rising in value - but if they stop buying it, it might stop rising in value. That’s not really a very sustainable prop for any market to be resting on - it’s a bit like saying, “This company’s share price will keep rising as long as people keep buying the shares."
Sounds as secure as the pyramid selling scheme in Albania a decade ago. I wonder how much of this commercial property is built for the manufacturing sector to export goods and earn wealth for this country! Or whether it's units for those wealth making franchises like subway sandwiches!
3. Rep013 said...
Commercial property is DEAD in my opinion. The internet and Tesco are closing all the retail outlets and businesses are going abroad. In ten years time so much commercial space will be empty in high streets and trading estates that I suspect the government at the time will allow these to be used for residential housing.... Watch this space!