UK commercial property in doldrums
By Daniel Thomas, Property Correspondent
Published: May 13 2008 16:58 | Last updated: May 13 2008 16:58
Commercial property development in the UK has sunk to its lowest level in five years owing to the crisis in financing new building work and doubts over the outlook for the occupier market.
About one-third of commercial property developers reported a fall in activity in April, compared with just 12 per cent that indicated that there had been a rise, according to a report by Savills, the property consultancy.
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