» Commercial property in 2011 – what’s in store?

Commercial property in 2011 – what’s in store?

The market always takes a while to get back on its feet, following the Christmas festivities, but this year has started remarkably slowly due to a clear lack of confidence and commitment.

The banks are continuing with their heavy handed approach in dealing with troubled loans and small investors, who own a single commercial property, which they either run their business from or rent out to tenants, are continuing to suffer faced with either having to repay their loans or signing over the ownership of their properties to their banks.

It seems as if the VAT rise, threat of inflation, talks of interest rates rising, lack of consumer confidence, rise in unemployment, fall in house prices and continued absence of credit from banks will all be factors that will contribute to further falls in commercial values within the retail, office and industrial sectors during 2011.   

To stay abreast of latest commercial property market news visit Jason Werth’s sell my commercial property blog

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