Beresford Adams Commercial News

The 'credit crunch' and ensuing 'recession' have led to difficult times in all sectors of the economy, and in the main sectors of the commercial property market - retail, office and industrial.^

Retail continues to be the most troubled sector, demonstrated by the disappearance from the high street of such retail institutions as Woolworths.

However, Justin Rice-Jones of Beresford Adams Commercial believes that there is now a glimmer of hope. There is some evidence of purchasers/tenants returning to the market, and he reports that enquiry levels have increased noticeably during the first quarter in 2009.

"It is always difficult to call the bottom of the market, it can be argued that prices now represent good value, particularly for investors. The property yield gap is similar to that experienced in the early 1990s which was an opportunistic time for some". "However", he comments,"property should always be considered as a long term investment, and professional advice has therefore never been more relevant".

For advice on letting/selling your property or acquiring new business premises, call our Agency Team on (01244 351212).