Commercial Property News Archive for 03-May-2008

Commercial property in free fall (Investors Chronicle)

UK commercial property has had its worst year on record, with total returns (rents plus asset values) of minus 9.7 per cent for the 12 months to 31 March 2008. Figures released today from property research bureau IPD show the worst annual decline in the history of its index, which dates back to 2001.

Analyst gives thumbs-up for Royal Bank but says HBOS vulnerable (The Herald)

Investors should sell their shares in HBOS but consider buying Royal Bank of Scotland, Collins Stewart analyst Alex Potter tipped yesterday amid warnings that falling prices on commercial property could have a knock-on impact on lenders' profits.

Forex Video - Is the UK About to Spark the Next Big Credit Crunch? How Will NFPs Fare? (Daily FX)

� Declining commercial property values could lead to heavy losses for UK banks. Will this spark the next big credit crunch? � US Dollar gains following yesterday's Fed rate cut - how will NFPs fare?

Bank of England sounds alarm on �5bn commercial property defaults (Daily Telegraph)

Britain's big banks stand to lose as much as a fifth of their profits as the commercial property market implodes, the Bank of England has warned.