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Property downgraded

Language: English Series: Daily Telegraph ; 3 August 1998, 25(1)Publication details: 1998Subject(s): Summary: Merrill Lynch, the American investment bank has downgraded its forecasts for the property sector, blaming high interest rates and a slowing economy.

Merrill Lynch, the American investment bank has downgraded its forecasts for the property sector, blaming high interest rates and a slowing economy.