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Article: Cardiff property market likely to weather the economic storm, claims agency; Office rents may even rise owing to shortage of space.(Business)
- Article from:
- Western Mail (Cardiff, Wales)
- Article date:
- August 20, 2008
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Copyright informationCOPYRIGHT 2008 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Aled Blake Business Correspondent
THE commercial property market in Cardiff is in a good position to weather the economic storm, says an agency.
Atisreal's latest economic forecast predicts that the economywill not recover fully until 2011, but it saysCardiff's propertymarket can cope with that.
Anthony Phillips, head of Atisreal's Cardiff office, argues that having gone through the property re-pricing and the second dip from the credit crunch, the sector is moving into a third dip with ...
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