Saturday, July 7, 2007

Interest rates beginning to bite and the time has come

Property starts to crack

New signs of distress in the UK's shaky commercial property market have emerged after Standard Life slashed the unit prices of five of its real estate funds in response to nervous investors cashing in their holdings. Inevitable really.

Posted by hawkeyes @ 03:24 PM (426 views)
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3 thoughts on “Interest rates beginning to bite and the time has come

  • *seethe*

    I rang my pensions advisor 6 months ago wanting to sell these (and another fund). He talked me out of selling this one using the same reasons listed in the article.

    I wish I’d trusted my instincts.

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  • And in the comment section…

    “Five interest rate rises later, the penny has dropped that the great property bull market is over…”

    Now what is Commercial Property for anyway? Is it for speculating on or for buying to run a business from? And looking at all the retailers and others in trouble, what is it being used for? It is simply too high by a considerable figure, (but I should not like to predict quite how much).

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  • I see a lot of empty shops being advertised in West London and a lot of new developments in the city which will be sold at huge losses.

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