Property market

[MarkP]

Whats the general concensus of what is going to happen to the UK property market? Saw an artical by the Royal Institue of Chartered Survayors who are indicating a slow down in the market. Would this include commercial property too?

[james]

Originally Posted by MarkP

Whats the general concensus of what is going to happen to the UK property market? Saw an artical by the Royal Institue of Chartered Survayors who are indicating a slow down in the market. Would this include commercial property too?

I think that property has been overvalued for some time. Commercial property is not as badly overvalued as residential property but the markets are linked (as at the margins you can convert commercial into residential).

[iron]

Prices fell for the first time last month albeit only 0.1% but a drop none the less - I think the sub-prime issues in the states have given everyone th ejitters not only Northern Rock et al, but the end consumer aslo, I don't see a crash nut I see house prices at best remaining static