Property Guru David Pearl Predicts Property Gems For 2010

Property predictions from David Pearl, of leading London (UK) property company Pearl & Coutts. David outlines where he thinks the opportunities are for commercial and residential property businesses in 2010. End Quote

(1888PressRelease) February 25, 2010 - David Pearl, Director and owner of leading London (UK) property company Pearl and Coutts gave his predictions for the property market in an internal interview on the 18th February 2010.

David's upbeat assessment comes despite some property commentators predicting more difficulties for the market due to lack of lending by the banks. Speaking from over 45 years experience in the industry, David gave his predictions for the rental market, where the property bargains will be and the overall market recovery.

David's clear vision for 2010 takes in the difficulties of financing with a sharp eye for the flip side of the coin, including opportunities created by the recession itself. His expert appraisal of rental yields probably reflects his company's strong investment in London's most desirable boroughs.

"Some of the highest offices rents achieved are in London's prime locations. It does depend on the property, but for example, in Soho you can see rents of £65 to £68 per square foot. That represents superb investment opportunities, whereas outside those areas, the market simply lags behind. There's no getting away from it, I've said this before, Soho, Fitzrovia, the West End and so on, you really can't compare it with places outside the M25".

Given his background, David's opinion should not be taken lightly. He directs a large letting agent which is also a substantial landlord with property inside and beyond London. It has an impressive portfolio of prime residential and commercial properties in London's West End. It is also part of the Structadene Group dealing with property development and acquisitions. He also gave his slant on where the market would throw up properties at knock-down prices in 2010:

"If there's anywhere that's going to be interesting this year, it will certainly be the local authority properties. I would predict more sales of local authority stock and that's where there's going to be prices really worth investing in. You'd have to be foolish not to keep an eye on that sector; it simply stands to reason from everything that has been born out during the recession."

The company also holds commercial property in most areas of London and beyond the city. Pearl and Coutts are part of the Structadene Group, involved in property development and acquisitions.

"I personally feel very optimistic about the future for property and I'm already looking ahead past the end of the recession. For today, there's some very positive signs coming through from the residential market right now"

"You can track movement simply by watching the residential market, yes there are lots of sectors that are important but a weather eye on residential tells you a great deal about what's going on out there. It's usually the first to show movement."

With an optimistic view of opportunities and growth in the sector, recent Structadene Group acquisitions include properties in Scotland, Wales and the Heart of England, as well as prestigious City and Midtown locations in London.

To find out more about Pearl & Coutts, please visit http://www.pearl-coutts.co.uk.

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