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UK: Commercial property development to weaken - survey

Posted on 10 November 2010

From Reuters: Development activity in Britain’s ailing commercial real estate sector is set for a further three months of declines, as austerity measures in the public sector lead to a bleak industry outlook, a survey said on Wednesday.
The survey by property consultant Savills found commercial property development activity fell for a third consecutive month in October, with public sector activity contracting sharply and extending its run of declines to eight successive months……………………………………….Full Article: Source

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