Commercial property mortgage holders change focus

12 August 2009

Written by Simon Whittaker

There is now less of a "fast-buck" attitude among commercial property mortgage holders than before, it has been noted.

According to property consultancy Lambert Smith Hampton (LSH), long-term strategies are being developed for the greater good.

Reporting the comments, the Western Mail indicated that firms and individuals involved in the sector are "reverting back to the primary tenet of property investment" which involves gaining maximum value from well-thought-out plans.

Highlighting some of the other issues commercial property mortgage holders have to deal with, head of property management at LSH's Cardiff office Dave Williams said that owners' initial objective is to create a steady cash flow and avoid empty rates.

"They are also keen to ensure their assets remain in a good state of repair and decorative order throughout the lease term to maximise future rental income upon lease expiries," he explained.

Last week, CB Richard Ellis' Monthly Index for July revealed that the commercial property sector has turned a corner, with property values increasing and prospects better than in previous months.

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