Credit crunch is "exciting", says entrepreneur - commercial mortgages

13 June 2008

A property entrepreneur in Yorkshire has said the credit crunch has produced an "exciting" environment in which many possibilities exist for those in the commercial sector.

In comments which may interest those with commercial mortgages, Andreas Evans, of Evans Property Group told the audience at the Yorkshire Property Industry Awards 2008 in Leeds: "Times like these have got opportunities in them but it''s about spotting them. We''re in a very sensitive place at the moment," reports the Business Desk.

Evans Group won the award for the best property deal when it sold its portfolio for £425 million.

Another area that those dealing in the commercial property industry may want to consider is the growing emphasis on sustainable development, even though he himself was not so enthusiastic about green issues.

One place where business appears to be doing well is the Liverpool office rental sector.

A report by CB Richard Ellis has revealed that the city has had one of the world''s top 20 fastest growing office rents in the past year, Place North West reports.