ING: falling property prices to end this year

ING's UK Real Estate Income trust manager believes property not yet out of the woods but period of falling prices should end this year

ING's UK Real Estate Income Trust manager believes we should see an end to falling property prices by the end of the year. While many managers have predicted a return to stability in real estate 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," he added. "In the short term, we may see some downward pressure on values but we are close to a floor and hopefully the worst of it will be over by the end of the year. "This year, large transactions have been absent due to the lack of debt finance, but having said...