The commercial property market will be "volatile" in the coming months, according to the head of property equities at Henderson Global Investors and chair of investment expert Reita.
Patrick Sumner said that there will not be a "straight-line recovery" as the market corrects itself in the near future.
"There will be pebbles thrown into the water - rather like Dubai - and people are going to lose their nerve for a second or two," he explained, before adding investors will then come to terms with it.
Back in October, the Property Investment Perspective from Reita noted that 95 per cent of industry experts believed conditions in the general property market had improved in the preceding three months.
Despite 54 per cent of respondents believing the improvement in market conditions had been "significant", Reita still advised caution when making an investment in property funds.
Meanwhile, some 58 per cent indicated that they think a return on real estate investment trusts and property securities will prove to be better than direct returns on property during the next 12 months.
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