ING manager says property problems over by 2009

ING's UK Real Estate Income Trust manager believes we are close to the bottom of falling prices and s...

ING’s UK Real Estate Income Trust manager believes we are close to the bottom of falling prices and said the woes in the property market should be over by the end of the year. Whilst many managers called a return to stability in the real estate market by the second half of 2008, Michael Morris believes we may have to wait a little longer. “Property is not yet out of the woods. In the short-term we see some downward pressure on values but we are a close to a floor on values and hopefully the worst of it will be over by the end of the year. “This year the large transactions have been abs...