Thursday, Aug 20, 2009
The other property price crash that hardly anybody talks about ...
Assetz: Investors 'positive' about commercial property
Ricardo's Law Of Rent in action: "Commercial property prices have fallen continuously over the last two years, according to recent research. In the middle of July, Investment Property Databank (IPD) reported that capital values were down 44.1 per cent in June compared to peak levels, with a 30.8 per cent decline observed year-on-year. However, there were signs that the market might be about to hit its bottom - the 0.9 per cent drop in June was the smallest monthly decrease since August 2007." (the law being that landlords do disproportionately well in the good times and dispoporionately badly in the bad times)
Posted by mark wadsworth @ 10:00 AM (514 views) Add Comment
4 Comments
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1. paul said...
Assetz saying the falling property (commercial or residential) market is 'bottoming out' really is nothing new, mark.
2. mark wadsworth said...
Paul, sure, it was the "down 44.1 per cent" that caught my attention in an FT article yesterday, I just Googled that and the Assetz article was the first one on the list.
3. will said...
It's funny how one can't find commercial property for sale or rent at these sorts of discounts. Only the chosen few perhaps. Where I live there are now dozens of empty commercial properties to let and to buy, but the landlords are holding on for peak prices. In the US they say that the commercial real estate timebomb hasn't gone off yet.
4. new user 2007 said...
"It is well documented that the investment market is set to do extremely well".
I did not realise one could document their views. I thought documentation applied to facts?