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Real estate market 'is not overvalued'

UK commercial property sites have not been priced too high, it has been suggested.
Ed Stansfield, property economist at Capital Economics, highlighted some of the strengths of the country's real estate sector in overcoming the effects of the credit crisis.
"There is not a lot of evidence to suggest that the UK market has become overvalued as a result of the upswing," he claimed.
Mr Stansfield added that the sector carried out "one of the bigger corrections in 2007, 2008 and the early part of 2009".
The expert also noted that the advantages of the country's real estate backdrop relate to its size and liquidity.
Moreover, it might be debateable whether it is the most attractive market with regards to pricing.
Recently, HSBC released its Global Investment Perspective report which showed that the nation's commercial property portfolio holds the highest amount of appeal in terms of supporting investor demand.
Posted by Fiona White
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