Lamport Bassitt Solicitors - Legal News - Finance in commercial property 'targeted at prime buildings'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Finance in commercial property 'targeted at prime buildings' Those looking to invest in commercial property in the UK may struggle unless the building they are after is considered to be prime. This is according to Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, who said that while lenders now have a "slightly more lenient attitude" towards the market, most of the money is still going to certain properties. He stated: "There is still the problem though that, unless the property looks to be particularly well underpinned in terms of rental growth ... there is going to be a challenge in actually getting the finance." Mr Rubinsohn went on to suggest that the widening gap between the primary and secondary markets had been "exacerbated" by the nature of the economic downturn. According to figures released last month by the Investment Property Databank, commercial property capital rose by 0.8 per cent in April, which was the slowest rate of growth since last August. Posted by Fiona White 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