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Advisers divided over private property sales to funds
Advisers are divided over the benefits of private clients selling their existing properties to property funds or property companies in exchange for shares, according to new research from Reita.
In the January research, 20 per cent of advisers saw the recovery happening in 2009, while the April comparative figure is just 4 per cent.
In addition, most advisers (64 per cent) still expect commercial property prices to fall up to 15 per cent further during this year.
Fry added: "It's a little surprising that the views of these independent advisers seem to be so much more pessimistic than those of the corporate property experts which took part in our March 'Property Investment Perspective' research.
"Half of the experts said they had not seen any deterioration in investor sentiment in the past three months and indeed concluded that the property market was 'showing signs of life'. This may be because the focus of the experts is more commercial than residential, but it is a little puzzling."
