Coldfeet7 Jul 2010 10:45
Fair enough, there will be some gainers out there. I take this is your average property investment company, with a porfolio of buildings and other property investment stocks, right? The 'reasonably good prospects' you might think are sound are all based on the currency remaining strong, interest rates not rising, property prices/ rents not falling. Obviously i cant predict when the next fall is due but i'd hedge my bets its within the next 3 years!
My lecturers (some well learned) don't tend to speculate infront of class but do provide a balanced argument in everything they teach. I always carry out my own research after lectures anyway (a habit from share trading 'DYOR' etc) and what seems to be the general consesus is that (residential) property prices are over inflated. I know commercial property has very little prospects in the near term as it featured part of a dissertation we were set. Yes certain commercial markets have picked up like the Spanish one however with the Greek bailout and so much doubt around I dont think it will be sustainable.
I can find out what the retail market outlook is if you want as we only touched on that in first year, however i'd only expect more doom and gloom - what with people finally realising they can't just 'put it on the credit card'.
Try googling these sites, it makes for interesting reading
- Nu Wire Investor
- Reuters
- Property Investing (.net)
- Europa.eu
Todays falls are shocking to look at from an investors perspective but make sense to someone learning about the ins and outs of property. I'd get out now unless you want to hold for the next couple of years