Friday, December 12, 2008
Down the U-bend
"Another interesting income opportunity is emerging – in commercial property. There are at least three reasons why 2009 could lay the foundations for a decent commercial property revival. The first is the 7.5pc yield. The second is timing – entering the market while prices are still falling is the favoured approach of seasoned investors because that is when the best properties become available. The third is the way in which the collapse in sterling has made UK commercial real estate a bargain for buyers with dollars, euros or yen. In each of these currencies UK property has fallen by 50pc since June 2007." – That all sounds nice, but where is the money going to come from?!?