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Article: Slowdown 'is healthy'.
- Article from:
- The Star (Sheffield) (Sheffield, England)
- Article date:
- September 26, 2007
CopyrightCOPYRIGHT 2007 Johnston Publishing 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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A12-year low in commercial property investment returns is a natural and healthy phenomenon, according to commercial property agent, Lambert Smith Hampton.
Tony Howlings, head of asset management at LSH's Sheffield office, says most investors have been aware that the market was slowing down, with yields edging out, particularly for secondary properties.
The information on returns, released by the Investment Property Databank, confirms that trend and shows UK valuers are reflecting it in their monthly valuations.
"This is a good thing because it makes public the fact that the market is re-adjusting, which in the long term could help to cool the ...