Leasing markets continue to be hit by the problems of occupiers canceling or reducing their space requirements, the firm said, and this is particularly severe in the Asian market, which is very exposed to the problems of US-based multi-nationals. But lower interest rates are helping to sustain demand for property investments.
Residential markets have seen a price adjustment and in particular in London asking prices have dropped by between 10% and 15%, although values are still higher than they were a year ago. However residential markets in the Midlands and the North have been strong.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
