Lamport Bassitt Solicitors - Legal News - Advisors 'favour commercial over residential property'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Advisors 'favour commercial over residential property' Financial advisors currently believe clients can make more money by investing in commercial property than in the residential sector. This is according to a survey carried out by Reita, which revealed that only 39 per cent of practitioners polled last month were of the opposite belief. The organisation - which is funded by companies in the commercial property and financial services industry - also found that 66 per cent of independent financial advisors (IFAs) thought commercial property prices will rise by up to 14 per cent over the course of the next 12 months. This was up from the 59 per cent who recorded the same opinion in October 2009. Responding to the statistics, Peter Cosmetatos, programme director of Reita, noted that they were gathered before the debt crisis in Europe became an issue. He said: "It will be interesting to see, in the next set of IFA survey results in July, whether all this upheaval will have any impact on IFA expectations and sentiment." Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News