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Commercial Property News
Financial advisers see business property prices rising
The majority of independent financial advisers (IFAs) expect prices in the commercial property sector to rise over the coming 12 months.
A new study conducted by NMG Research on behalf of Reita showed that, in January, 71% of the 264 experts questioned believed business property values will be between 1% and 14% higher in the next year.
These results are largely in line with expectations across the industry, however the upbeat outlook does not mean IFAs are willing to recommending investing in real estate to their clients.
Approximately 60% said they were not confident about providing advice on the different sub-sectors in the property industry and Patrick Sumner, chair of Reita, explained that advisers are currently facing a "dilemma".
"[This] stems from a feeling that the sector is overbought in view of uncertainty about the global economy," he remarked.
Reita, which was established to support the launch of Real Estate Investment Trusts in the UK in 2007, aims to "raise awareness and understanding" of the property investment sector.
A new study conducted by NMG Research on behalf of Reita showed that, in January, 71% of the 264 experts questioned believed business property values will be between 1% and 14% higher in the next year.
These results are largely in line with expectations across the industry, however the upbeat outlook does not mean IFAs are willing to recommending investing in real estate to their clients.
Approximately 60% said they were not confident about providing advice on the different sub-sectors in the property industry and Patrick Sumner, chair of Reita, explained that advisers are currently facing a "dilemma".
"[This] stems from a feeling that the sector is overbought in view of uncertainty about the global economy," he remarked.
Reita, which was established to support the launch of Real Estate Investment Trusts in the UK in 2007, aims to "raise awareness and understanding" of the property investment sector.
Wed, 17th Feb 2010