View more on these topics

Commercial property sprouting growth

Green shoots in commercial property are emerging and an upturn in prices is expected to continue for some time, according to Prudential director of investment John Betteridge.

He said: “There have been dramatic falls in commercial property and now prices are increasing. Just as commercial property prices fell during the latter half of 2008 and the first half of 2009, on very little volume of transactions, what we are seeing now is exactly the opposite taking place. That may continue for a while, even though the occupation market is looking very sick.”

Defaqto economist Michael Baxter said despite “hiccups”, the global economy is likely to see an upturn similar to the 3.33 per cent growth seen between 1950 and 1973. He said: “I think the global economy probably is about to experience significant growth comparable to that period.”

Asked whether he supports FSA chairman Lord Turner’s calls for a tax to curb bank bonuses, Betteridge said acting independently of other global financial centres is “a silly idea”. He said: “The UK has always attracted very clever people. If you want a tax, then you need to apply it on a global scale. We do not want to destroy an industry that has become very important in the UK.”

Recommended

Get to core in schools

Matt Morris (The Knowledge Gap, Money Marketing, September 17) suggests no one seems to know what the current policy on personal finance education is.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com