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RICS commercial market survey United Kingdom first quarter 2009 [electronic resource]

By: Language: English Series: RICS Commercial Market Survey United Kingdom ; First Quarter 2009Publication details: London RICS 2009Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Reports that activity in the commercial property market fell further in Q1 2009, although the pace of deterioration in demand moderated across all three sectors. Having fallen at a record pace in Q4 2008, the improvement in the market offers some hope that aggressive cuts in monetary policy have provided some limited support for the commercial market. The net balances for enquiries, demand and confidence were the least negative in a year with the industrial sector the most improved. Lettings demand continued to decline across all three sectors, with retail reporting the worst declines. There was some improvement in the office market as the pace of declines almost halved, registering the least negative reading in a year.
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Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 147401-2001

Reports that activity in the commercial property market fell further in Q1 2009, although the pace of deterioration in demand moderated across all three sectors. Having fallen at a record pace in Q4 2008, the improvement in the market offers some hope that aggressive cuts in monetary policy have provided some limited support for the commercial market. The net balances for enquiries, demand and confidence were the least negative in a year with the industrial sector the most improved. Lettings demand continued to decline across all three sectors, with retail reporting the worst declines. There was some improvement in the office market as the pace of declines almost halved, registering the least negative reading in a year.