000			01863cad a22002655a 4500
001			E143989
008			080611s2008 xxkad f s 000 0 eng d
035			_a(Sirsi) u143989
041	0		_aeng
050	0	4	_a333.33 $2 18
110	2		_aRoyal Institution of Chartered Surveyors _bEconomics _95033
245	0	0	_aRICS UK economic brief _bJune 2008 _h[electronic resource]
260			_aLondon _bRICS _c2008
490		0	_aRICS UK Economic Brief _vJune 2008
520			_aReports that inflation of every day goods and the effects of the credit crunch mean that core inflation targets may be breached in future. This inflation also means that a slower growth in living standards in the UK and a continued deflationary influence on consumer spending looks likely to remain. Growth in tenant demand turned negative in Q1 2008 for the first time in four years, due to weak activity across much of the developed world. This has led to modest growth in available office space. New orders for private housing are now 18% down on January 2006 and new orders for private commercial workloads have also fallen by 15%.
520			_aNew buyer enquiries fell further in April and the latest reading of -68 is below the level directly after the fallout from Northern Rock last year. Buyer interest appears to be dropping for the fourth successive month and there is a widespread belief that prices will continue to fall in the near term.
590			_aKA
650	2	4	_aRICS UK ECONOMIC BRIEF
651		4	_aUnited Kingdom _y
690			_aBUILT ENVIRONMENT-CONSTRUCTION MARKET
690			_aPROPERTY-COMMERCIAL PROPERTY-COMMERCIAL PROPERTY MARKET
690			_aPROPERTY-RESIDENTIAL PROPERTY- RESIDENTIAL PROPERTY MARKET
856	4	0	_uhttps://www.rics.org/site/download_feed.aspx?fileID=870&fileExtension=PDF _zView this report free of charge at www.rics.org
942			_n0
999			_c108334 _d108334