Lamport Bassitt Solicitors - Legal News - "No reason" to expect number of distressed commercial properties to fall


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS "No reason" to expect number of distressed commercial properties to fall There is "no reason" to expect that the number of distressed commercial properties coming on to the market will fall, it has been claimed. According to Michael Rhydderch, a partner at Cushman & Wakefield, the situation regarding such properties is unlikely to change within the next couple of years. He said that these propertyies become available when tenants go bankrupt and when too much borrowing has been taken out. The expert added: "For both of those causes of distress, there is no reason why the pressure should decrease over the next year or two." He made his comments in the wake of report released earlier this month by the Royal Institution of Chartered Surveyors. It found that more than 75 per cent of analysed countries reported an increase in distressed commercial properties coming up for sale in the second quarter of 2009 compared with the first three months of the year. Related Articles: 20/1/2012 - Private rented sector demand 'strong' 19/1/2012 - UK property returns on the up 17/1/2012 - Student accommodation 'offering strong returns' 30/12/2011 - Barriers to private rental sector to be focus of govt review 23/12/2011 - Landbanking companies ordered into liquidation More Property Law News