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Eurozone woes spur UK property bargain hunt

Posted on 20 July 2012

UK property businesses are hunting for bargains in the country’s battered real estate market, encouraged by heavy discounts that show how the euro zone crisis has hit confidence in the sector, Lloyds Banking Group said on Friday.
Data from the bank’s quarterly Commercial Property Confidence Monitor showed the net balance of major businesses intending to make purchases in the next six months rose to 57 in May, from 52 in February, while the net balance of fund managers keen to invest rose to 38 from 36 over the same period………………………………………..Full Article: Source


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