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Buying activity in national office markets looks set to pick up as investors take advantage of lower interest rates and shun the volatile share market.
Colliers International’s Felice Spark said this week that while lower interest rates had yet to stimulate market activity a rise in demand was only a matter of time.
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“Cashed up private investors and superannuation funds are likely to be the first to begin to take advantage of softer yields and borrowing costs in the new year especially as the share market continues to exhibit such a high degree of volatility,” she said.
“It seems only a matter of time before there is some recovery in a market that has traditionally offered the safety of bricks and mortar, and that time may well come following the Christmas break, if not before.”
Published: 21-11-08
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