Schroders is predicting that value may soon emerge from the wreckage of the commercial property industry after the swift correction in pricing. Financial Times
William Hill, head of real estate at the group, said the sector was in “dire straits”, but that there would be opportunities as the market stabilised next year.
'The market is 15% cheaper from June this year and it may become a bit cheaper, but going forward it may make sense for institutions to make commitments to real estate,' he said. 'The market is difficult but the floor may soon be in sight.'