The UK property investment market reactions to the banking crisis [electronic resource]
Language: English Publication details: London Cushman and Wakefield 2008Subject(s): LOC classification:- 333.33 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 145952-2001 |
Reports that the re-pricing of commercial property accelerated in October 2008 as the credit crunch hit home. Finds that Prime yields rose 27 basis points in the month, taking the UK average to 6.49% as at mid October, its highest since 1993. This followed a 20 basis point increase in September and equates to a 7.2% capital fall over the past 8 weeks. Forecasts IPD total returns at -20% for 2008, but will improve to -6% in 2009 and return to more positive levels in 2010.