Commercial Property News Archive for 06-Jan-2008

Threat grows to property jobs (Financial Times)

Jobs are coming under threat in the commercial property market owing to the sharp downturn in values and the ongoing effects of the credit crunch. Investment banks, including Bear Stearns and UBS, are understood to have cut staff in areas such as UK commercial property lending and real estate debt packaging, while strains have also begun to emerge in the property services market.

Alert over commercial property (Edinburgh Evening News)

COMMERCIAL property values could fall by another ten per cent in the first quarter of 2008 before bottoming out, a leading property agent said today.

Commercial property 'could drop another 10pc' (Daily Telegraph)

Commercial property agent King Sturge has warned that property prices could fall by another 10pc before bottoming out in the second quarter this year.

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