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Commercial property continues to lose value
The value of commercial property in the UK has fallen 7.2% in the last two months, according to figures released by real estate firm Cushman & Wakefield.
The banking crisis has pushed up prime yields - which measure the value of property in terms of its rental income - by almost fifty basis points since the start of September to 6.49%, the highest for 15 years.
The report added that the market remained at the "front line" of the financial crisis.
Post Date: October 29th, 2008
The banking crisis has pushed up prime yields - which measure the value of property in terms of its rental income - by almost fifty basis points since the start of September to 6.49%, the highest for 15 years.
The report added that the market remained at the "front line" of the financial crisis.
Post Date: October 29th, 2008
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