Login
ISCOVER
Confidence in the UK commercial property market has hit a four year low, with the global credit crunch listed as one of the key contributors.
Nearly 30 per cent of real estate brokers reported a fall in investment demand in the office sector over the third quarter of 2007, while a further eight per cent expect a drop in market activity in the coming quarter as the recent financial turmoil forces investors to re-price risk.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Royal Institution of Chartered Surveyors (RICS) chief economist Simon Rubinsohn said: “The turmoil in the credit market is being most acutely felt in commercial property as the sector is more dependent on capital market funding than in the past.
