Commercial mortgages 'seen as sturdy investments'

23 November 2009

Written by Steve Olejnik

Institutions are keen to write cheques to the commercial property industry - which may involve taking out business mortgages - because they see such a move as a "very strong and sturdy investment".

That is the opinion of Andrew Teacher, media manager at the British Property Federation, who also indicated that the reported recovery in the commercial property sector depends on which part of the UK is being assessed.

"Everyone wants to be in the areas like the West End of London, compared to other areas where there is little to be gained from investing at the present time," he explained.

Mr Teacher also advised developers to position themselves so that they can take opportunities when they arrive.

Developers should "bide their time" and raise money, before seeing where the sector heads, he continued.

The comments come after two of the UK's developers, British Land and Land Securities, announced they are in strong positions to take advantage of the expected recovery in the commercial property sector next year.

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