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Cracks became chasms

Language: English Series: Financial Times ; 18 December 1992, 9(1)Publication details: 1992Subject(s): Summary: 1992 has seen a large number of major business failures among developers and property companies whilst values and lettings have plummeted, though precedents for such recession exist in the slumps of the mid Nineteenth Century, the early 1930s, the Second World War and the mid 1970s.

1992 has seen a large number of major business failures among developers and property companies whilst values and lettings have plummeted, though precedents for such recession exist in the slumps of the mid Nineteenth Century, the early 1930s, the Second World War and the mid 1970s.