Property market review published

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One of the Cornwall’s leading property consultants is to launch its first ever market review document at a seminar in Truro.

Vickery Holman directors Mike Oldrieve (l) and Alan Treloar

Vickery Holman will unveil the 50-page document ‘The Market 2011’ at the beginning of February.

Despite the economic doom and gloom that prevailed in 2011, the report highlights an annual increase in transactions across the company’s three offices.

The report, which focuses on the main commercial sectors of industrial, office and retail with specialist reports on the investment, residential, education, licensed premises, green issues and healthcare sectors, is being unveiled at three events being held by the company across Cornwall and Devon.

Vickery Holman director, Mike Oldrieve, said: “We’re really pleased with the report and it is something I have wanted to do for a number of years.

“It targets specific areas of Devon and Cornwall instead of just providing meaningless average stats for the south west region.

“As a company covering the four western counties, dealing with a wide range of property sectors, we have a huge amount of valuable information at our fingertips and is great to be able to publish a small part of this.”

While there are still some areas of concern, the report indicates that the bottom has been reached in the market and that it is time for those with cash to start buying.

“Though much of our message is about realignment of values, we are still seeing some situations where values are holding up, and in some cases, even exceeding the levels seen at the peak of the previous market. We make reference to this in our specific town reports which highlight specific regions where investment will be worthwhile going forward,” added Oldrieve.

To launch the review, Vickery Holman will host the seminar in Truro on Tuesday, February 7.

Guests will hear from speakers including Alan Treloar, Nick Holman, Clare Cochrane, who will speak on the market, Ashleigh Philips and Mark Pellow who will speak on rating and landlord and tenant issues, and development and education specialist, Simon Wheeler.

Spaces at the seminars are limited. To find out more please contact Katie Mills at Vickery Holman on 01752 234127.

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