In August/September 2007, a number of commercial property focused companies responded to the bi-annual eProp Commercial Property Confidence Index (CPCI) Survey.  Based on a mix of ten equally weighted variables comprising both ‘hard’ and ‘soft’ aspects, the index reflects a six month forward projection for the commercial property sector. 
 
In September 2007 the index recorded a reading of 66 which is slightly down on the previous level of 71 recorded six months earlier. This reading evertheless sends a positive signal more especially given that the response is cumulative; i.e. based on the previous 6 months, commercial property business conditions are on the whole expected to improve. As such the market has now experienced solid and positive expectations since the survey commenced in February 2005.

Marc Schneider
eProp Research