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UK Market Vulnerable to US Downturn, Warns JLL

LONDON-The UK property market will suffer most should the US slide into recession, according to research published this week by Jones Lang LaSalle.

By Steve Killick | Updated on May 15, 2001

LONDON-The UK property market will suffer most should the US slide into recession, according to research published this week by Jones Lang LaSalle. Yet despite an economic downturn, pan-European property will maintain its value better than other investments and perform significantly better than it did in the last recession ten years ago.

Speaking at the launch of ‘Market Watch’, a research document published by LaSalle Investment management, Robin Goodchild, the firm’s European director of research and strategy, said: ‘The European real estate community has learned some hard lessons since the early 1990s, limiting speculation and controlling overbuilding in the ensuing years. Despite the fact that when the US sneezes the rest of the world catches cold, Europe’s real estate will remain resilient.’

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