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George Kerevan: Property ripe for investors who take the long view

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Published Date: 10 June 2009
ARE there any green shoots in the commercial property market? Back in 2007, in this column, I wrote that the collapse in UK commercial property values was a clear signal that the bubble had burst and that a recession was on its way. That was a year before the failure of Lehman Brothers.
Picking through the entrails of the commercial property market today produces a mixed outlook for investors, with values and rents still falling internationally. But there are glimmers of hope in the UK, if only because the market collapsed early.
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The full article contains 831 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 09 June 2009 8:45 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: George Kerevan
 
1

Mallory,

Edinburgh 10/06/2009 07:17:24
But where is the demand of more offices coming from? Out-sourcing of jobs, home-working, hot-desking, video-conferencing all point to a smaller demand for centralised working and a likely growth of small satellite shared accomodation nearer to peoples homes.

The growth of global telecommunications clearly offers big opportunities to reduce costs. Even the state sector will have to contract in size and better manage limited funding as it struggles to cope with its pensions timebomb.

Wasting two hours a day commuting from the nearest affordable homes to sit for a further six hours in front of a computer screen or on the phones makes little sense.


 

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