Barclays Wealth sponsored the first Junior Chamber of Commerce event of 2010, a Property Outlook held at the Sefton Hotel.

The event was hosted by the Isle of Man Junior Chamber of Commerce in partnership with Barclays Wealth and Black Grace Cowley.  More than 160 people attended the event to hear specialists give their outlook on the property market for 2010.

Speakers from Black Grace Cowley confirmed that the property market in the Isle of Man remained challenging, although the commercial property market has seen some strong demand for office space and increasing activity in the retail sector.

Stuart Nelson, Head of Corporates for Barclays Wealth, said, "We were very interested to hear the market outlook given at the event by Black Grace Cowley.  Although terms and pricing of mortgages may be different to two years ago we are still very much ‘open for business".