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UK Aug. commercial property development falls most in 11 mths

Posted on 13 September 2011

UK commercial development activity fell at its fastest rate in 11 months in August, hit by concerns over the stability of Britain’s economic recovery and bank lending, a report by property advisor Savills showed on Monday.
Savills’ Total Commercial Property Sector Index, which surveys 200 developers, funders and contractors, fell to -12.1 in August from -7.4 in July. Some 29 percent recorded a fall and 17 percent saw a rise……………………………………….Full Article: Source


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