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UK property development outlook turns negative

Posted on 09 August 2010

From Reuters: The outlook for UK commercial development activity over the next three months turned negative for the first time since July 2009, hit by a lack of funding and concern over public sector demand, a report said.
Developers surveyed last month feel most pessimistic about new building activity for offices, followed by retail and leisure properties, consultancy Savills’ Total Commercial Development Activity Index showed on Monday……………………………………….Full Article: Source

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