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Where’s the commercial property meltdown?

May 23, 2024
Joshua Oliver, real estate expert, discusses the slow adjustment of commercial property values to interest rates in the UK and US. Exploring sellers' reluctance to accept reality or a property economy on hold. He also touches on the impact of cryptocurrency on property markets.
18:39

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Property owners hesitant to sell amidst market uncertainties and reduced liquidity.
  • Discrepancy between theoretical and actual property prices highlights reluctance to sell at potential lower values.

Deep dives

Commercial Property Market Speculation

Speculation and concerns regarding a possible commercial property crash have been prevalent, drawing comparisons to past crises like in 2008. The effect of the pandemic on property transactions resulted in minimal deals and a slump in market activity. While some transactions occurred, they often faced challenges, such as a large office building in London going under offer at a 60% discount but not closing due to potential interest rate cuts affecting seller decisions.

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