Commercial property owners and investors expect activity in the sector to remain subdued in the next six months, according to a new survey. The Financial Times reports that the survey by Lloyds Banking Group, the largest lender to the sector, shows that sentiment from commercial property owners and investors, remains cautious. The survey of 419 financial decision-makers found that more than two-thirds of respondents expected market activity to either stay the same or drop. However, it also found that there had been a slight improvement in sentiment over the past quarter because of a recovery in property values. The London market was seen as by far the strongest, although it also found that confidence in the regions is growing, as the recovery in London prices has pushed some funds to look at other markets. The bank said this was especially notable in the north west, where investors predicted increased activity. According to the FT, the survey said that medium-to-large businesses based in London were most likely to sell in the next six months, indicating that they were looking to take advantage of demand for property in the capital.