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Commercial property market looking to rebound

Colliers CRE, a leading property consultancy in the UK, has today issued a forecast for the UK commercial property sector which would indicate a massive recovery in the second half of 2009. Only a few months ago the company had been forecasting an overall loss of 7.3% for the commercial property sector during 2009 but now it believes overall there will be 0.4% increase in the value of commercial property in the UK. Why the change of forecast?

There appear to be a the number of short-term issues which have played into the hands of the UK property sector which include increased investor demand, overseas interest due to the low exchange rate and the feeling overall that the UK commercial property sector has bottomed out and there is better value than in some areas of the stock market. However, as with the UK housing market there are some who believe these short-term issues could create a "bubble" which will pop in 2010 and see the sector come under more pressure again.

As ever, each and every analyst you speak to will give you a different forecast and different impression of the UK housing market and the UK commercial property sector. The truth is that nobody has been in this particular situation before, coming on the back of such a tough credit crunch induced worldwide recession, and nobody knows how it will all pan out in the end.

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