British commercial property market to pick up in summer | 26 January 2012
The commercial property market in London is set to improve in the summer, an industry expert has predicted.
Andrew Burrell, who is head of forecasting at the real estate financial advisor Jones Lang Laselle, has stated that there will be a huge spike in transactions across the capital during the second half of the year.
Analysing the state of the London market, Burrell forecast a slow start to the year – mainly due to the Eurozone crisis causing a lack of investor confidence. However, he also stated that the chances of better deals being available within a few months were high.
“There is no great incentive to do major transactions at the moment when things in three months time might get a bit weaker and you can get a better deal,” he explained on stride.co.uk.
His words indicate that investors in the capital might want to use their property management software to focus on foreign markets instead, at least for the next few months.
Uv10.com report that Brazil might be a brilliant region for British investors to explore whilst they are waiting for the British commercial property market to warm up. Many foreign investors from a range of countries have reportedly been keen to take advantage of the strong market there.
Written by Joe Elvin on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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