Commercial property will rise again, says analyst

Wed, 23 Jan 2008

People with investments in commercial property funds should not "panic sell" as these funds fall in value, one expert believes.

Meera Patel, senior analyst for investment company Hargreaves Lansdown, said that people with money in these funds should remember that they were long-term investments.

She said: "It is painful whilst it's happening, as you see your investments fall in value. But over the long-term it should come back up."

"It's just about being patient, and trying not to panic during periods of weakness," she added.

Last month property advisors Savills revealed that their index for measuring activity in the commercial property market fell by 15.4 per cent in December - the second fall in as many months.

On Monday Scottish Widows introduced a 180 day waiting period for investors who wanted to withdraw from their commercial property funds .

AEGON and Friends Provident have already introduced similar measures as investors looked to leave funds following the downturn in the commercial property market.
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