A new survey of IFAs has found they think their clients should consider commercial property as an investment compared with residential property.

The survey, commissioned by Reita, the education and awareness campaign for quoted property and REITs, found that only 39% of IFAs questioned think investors should consider residential property investment, compared with 51% in January.

Dave Butler, director of corporate affairs at Grainger plc, said: “The drop in confidence in the residential housing market