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Fund managers bearish as sentiment turns negative

By: Language: English Series: Property Week ; 76 (39) 1 October 2010, 23-24(2)Publication details: 2010Subject(s): Summary: Lloyds Banking Group's fifth quarterly Commercial Property Confidence Monitor shows confidence in the UK commercial property market plummeting with a third of UK property professionals surveyed believing that the market will slowdown in the next three to six months. The net confidence position is -14% down from +22% in July and +33% three months earlier. The greatest drop in confidence was among fund managers.

Lloyds Banking Group's fifth quarterly Commercial Property Confidence Monitor shows confidence in the UK commercial property market plummeting with a third of UK property professionals surveyed believing that the market will slowdown in the next three to six months. The net confidence position is -14% down from +22% in July and +33% three months earlier. The greatest drop in confidence was among fund managers.