9 Feb

Property investors 'positive about the state of the market'

Property investors 'positive about the state of the market'

Property investors are approaching the UK housing market with renewed optimism, it has been claimed.

Michael Morris, managing director at ING Real Estate Income, predicted that the upturn in the sector, which was experienced in the final quarter of 2009, will continue during 2010 but at a slower rate.

"Whilst I think a positive trend is likely to continue, pricing movements are likely to be far more subdued in 2010, with stronger occupational demand needed to keep this pricing momentum," he stated.

Mr Morris' comments come as part of a survey of property investment experts carried out by the Association of Investment Companies.

Marcus Phayre-Mudge, manager at TR Property Investment Trust, agreed with Mr Morris and said that he expects demand within the sector to increase throughout the year.

According to the latest Royal Institution of Chartered Surveyors' housing market survey, which was released on February 9th, house prices rose during the first month of this year.ADNFCR-1222-ID-19606189-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.