The London commercial property investment market may cool in the next few months, experts have predicted.
Money is flooding back into back into UK commercial
property investment funds, according to the latest figures from the Investment Management Association (IMA).
Investment funds in commercial property development stood at £10.5 billion in February, compared to £7.8 billion back in September, the IMA claims.
However, some experts are saying the figures do not tell the whole story, as a combination of foreign investment and the weak pound have pushed property prices down, according to Moneymarketing.co.uk.
"The banks view the property market as being at a level where they can recoup the majority of debts and this may cool what was becoming an overheated London market," Hargreaves Lansdown head of research Mark Dampier told the website.
Conversely, economic research consultants Capital Economics predicted earlier this week that the London commercial property market would have a strong 2010, with significant growth expected.
Posted by Allan Flowers.
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