Continued fall in commercial property value
Thursday, November 13th, 2008Commercial property landlords are continuing to suffer in the global economic slowdown. Figures released show that in the last quarter alone property prices have fallen 4.8% bringing the total fall in prices for the year to 10.5%. It is a trend widely expected to continue through to 2009 so what is the short term future of the market?
The economic downturn does not mean that opportunities for investment are drying up. On the contrary, those fortunate enough to be in a cash rich situation are ideally placed to act on opportunities actually created by the credit crunch. There are more properties lying vacant, more properties repossessed but very few who are in a position to invest without incurring a disproportionate financial risk to the investment.
One such opportunity lies in Milton Keynes, soon to welcome Network Rail to the area bringing with them 3000 staff. Opportunities for development around the area for the trained eye will be very good and if purchased at the correct time will be ideally placed to capitalise fully when the market conditions take a turn for the better.
