Overselling should lead to revearsal of this year's yield correction in 2009
Wylie, David
Overselling should lead to revearsal of this year's yield correction in 2009 - 2008 - Property Forecast 11(2) February 2008, 6-7(2) .
Assesses the prospects for the UK commercial property market from 2008 onwards. Argues that the pre-financial crisis market, especially the rise in property values in the five previous years, was an unsustainable market environment. Concludes that the high performance of the property market over the last five years was very much an aberration caused by unusually high capital market liquidity and excessive credit creation. Forecasts that income and capital growth will be reversed, with capital growth much less than rental growth. However, the author does not expect to see falls in rental values of the same size as in the early 1990?s.
United Kingdom--
Overselling should lead to revearsal of this year's yield correction in 2009 - 2008 - Property Forecast 11(2) February 2008, 6-7(2) .
Assesses the prospects for the UK commercial property market from 2008 onwards. Argues that the pre-financial crisis market, especially the rise in property values in the five previous years, was an unsustainable market environment. Concludes that the high performance of the property market over the last five years was very much an aberration caused by unusually high capital market liquidity and excessive credit creation. Forecasts that income and capital growth will be reversed, with capital growth much less than rental growth. However, the author does not expect to see falls in rental values of the same size as in the early 1990?s.
United Kingdom--