Quite a little debate has started up about the Savills research we wrote about last week .
Savills claimed that now might be the time to start looking at secondary stock and maybe investing in a thing or two (you can download the full report here).
Well, those comments captured a few people’s imagination over on our Linked In page.
One did say that if stock’s priced correctly and has an angle then yes.
But there are more people in the no camp.There’s a question over whether much is actually priced correctly and if the regions were faring as well as the south east. Jason Werth, managing director at Sell my commercial property, says its not yet time to start buying seondary. “Prices are still falling albeit at a slower pace.”
It’s a view shared by John Parker of Parker Capital: “I agree the prices are falling and the difference between asking and achieved prices is frightening. Where vendors can afford to sell, it would seem that there is a mass of stock that when interest rates rise and the banks enforce covenants it will hit the market and prices will be on the ground,without a change from the banks to start to provide debt I fear a huge double dip.”
What do you think? Come join the debate we’d love to hear what your opinion.
Picture by snigl3t on Flickr