Associate Director Craig Powell of Holloway Iliffe & Mitchell have been quoted in the latest issue of the RICS UK Commercial Market Survey (Q1 2012). This publication is widely read by commercial property investors and occupiers looking to gain an insight into the regional views of RICS Commercial Property Chartered Surveyors in their local region.
Craig Powell BSc (Hons) MRICS, Holloway Iliffe & Mitchell (Southampton) said:
“We recently agreed the sale of a former office building which has exchanged contracts at £100,000 more than a secured lending valuation undertaken, this highlights that cash is king and even those that can raise bank finance may struggle with very conservative valuations.”
Craig Powell BSc (Hons) MRICS, Holloway Iliffe & Mitchell (Southampton) said:
“We recently agreed the sale of a former office building which has exchanged contracts at £100,000 more than a secured lending valuation undertaken, this highlights that cash is king and even those that can raise bank finance may struggle with very conservative valuations.”
For more information about the RICS UK Commercial Market Survey and to download the latest copy please visit http://www.rics.org/commercialmarketsurvey
