Welsh commercial property landlords still planning to purchase

A number of commercial property landlords in Wales are still planning to expand their portfolios in 2008 despite the recent dip in the market, new research has revealed

According to a survey, compiled by Kingswood Associates, around 21 per cent of current landlords are preparing for future activity in the sector over the next 12 months.

John Phillips, managing director of the company, revealed his shock at the extent of interest in the business real estate sector.

He said: "We were surprised by the interest in commercial property, with 17 per cent of those who attended our conference saying that they planned to buy into the market in 2008, and a further four per cent considering the move into semi-commercial property."

Meanwhile, the Royal Institute of Chartered Surveyors (Rics) has claimed that the fall in demand in the commercial property sector is not set to last.

Rics maintain that while the credit crunch had dampened enthusiasm for business real estate, demand in the sector would pick up in 2008.

Martin Slowe Property Services are Commercial Property Consultants offering a full range of Commercial Property Services.