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