Income security fears 'affecting attitudes towards commercial property'
Date posted: 13 Jul 2010
A number of factors may be affecting people's perceptions of commercial property at the present time, an expert suggests.
There appear to be various concerns playing on people's minds at present when it comes to commercial property, according to one expert.
The Capital Economics property economist Kelvin Davidson feels that people's thoughts about fiscal policy and the security of their income might be affecting how they view the value of such properties.
In relation to their feelings about income security, "there are a range of factors out there that are weighing on people's feelings", he stated.
Mr Davidson added: "Once you take that into account, then property certainly doesn't look as good value as it did 12 months ago."
Meanwhile, the expert went on to say that he is not surprised to see a recent slowdown in the rate of capital growth within the country's commercial property sector.
Last month saw the sector's capital growth rate slow to a rate of 0.6 per cent, CB Richard Ellis recently reported.
Please contact Michaela Henson, Head of Property for further information or call 01223 225178
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