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LATEST NEWS & EVENTS Commercial property market turnaround 'better than expected'  The turnaround in the UK's commercial property market has been stronger than expected, it has been claimed. According to Guy Morrell, HSBC global asset management head of multi-manager, it had been predicted that the market would regain its buoyancy less quickly, Money Marketing reports. He remarked: "I thought there would be a much slower, more robust recovery in the UK [and] that there would still be a lot of scepticism from investors." The expert went on to suggest that property is seen to be providing a high yield. In addition, there is a view among investors that the sector has levelled out and is set to witness improvements, Mr Morrell said. However, in a note of caution, he added people should have learned lessons from the last few years and should be more tactical with their investments. Writing for Money Marketing recently, Chris Salih stated that the upturn in the commercial property industry is now "in full flow" as money continues to "fly into funds". John Newton, commercial property partner at Lamport Bassitt, said: "We are experiencing considerable activity in the commercial property investment market at present. "This is clearly being fuelled by a quite artificial set of circumstances, namely the historically unparalleled low returns on fixed yield investments. "Another unusual feature of the current market is that many of the buyers who are active have very low or no borrowing, which makes them able to move very quickly and seize what they see are opportunities." 
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