December 10, 2008

Could commercial property fall a further 25%?

When we talk about property it nearly always refers to the residential side, yet the commercial sector is feeling the pinch just a bad if not worse than the residential property market is.

Some experts in the commercial property sector are actually speculating that there could be a further fall of around twenty five per cent over the couple of years; this will take the total decline of this sector to around fifty per cent.

By far the hardest sector with the commercial property range is offices; it is believed that by the end of 2009 into 2010, the prices of offices would have dropped by almost sixty per cent. This makes it much worse than the previous declines in property prices during the seventies and early nineties.

On a good point, the experts are talking of an increase in prices during 2011.

Source [Property Week]