US commercial property prices are likely to hit bottom next year after falling more than 40% from their 2007 peaks, real estate executives said in a survey conducted by PricewaterhouseCoopers.

Banks that have been reluctant to foreclose on commercial properties or restructure debt will start to do so as they build up reserve funds with government capital, respondents predicted. Seized properties will become 'highly attractive buying opportunities' for investors with cash, PricewaterhouseCoopers said today in its 'Emerging Trends in Real Estate' report.