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LATEST NEWS & EVENTS Commercial property demand slips  Fewer people may be seeking help from a property development solicitor as new figures show demand for commercial property has fallen. Although the commercial property market saw improvements in first half of the year, these gains faltered during Q3 2011 as occupier demand slipped back for the first time in 12 months, according to the Royal Institution of Chartered Surveyors (Rics). Rics chief economist Simon Rubinsohn believes there is little likelihood of confidence improving in the real estate sector in the near term. "Against this background, any recovery in rents is likely to prove elusive and capital values away from London look set to remain under pressure," he said. The Rics survey also indicated that there are fewer people seeking property investment advice, as demand from investors was weaker across all sectors and regions of the UK except for London. It comes after Paragon suggested the private rented sector could be the place for investors to expand their portfolio. The lender reported that demand from tenants is on the rise, with the prospects for landlords looking strong over the next 12 months. Posted by Georgina Price 
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