SWIP duo warn prime property now overpriced

Climbing prices in prime market prompt SWIP managers Gerry Ferguson and Vicky Watson to seek opportunities in secondary property sector

Concerns around fiscal tightening in the UK have failed to stem rises in UK commercial property prices in the last few months. However, with the major gains coming fromprime property, SWIP’s head of wholesale property Gerry Ferguson and investment director Vicky Watson have warned the sector looks overheated, and point to better opportunities in secondary property assets. The UK is still seeing below trend growth. What does this mean for the real estate sector? GF: We had a difficult fourth quarter last year, but we certainly see the economy bouncing back a little bit this year. Clea...