27.11.2008 - Worst of British property cycle still to come

From Theaustralian.news.com.au: UK commercial property values have fallen 22 per cent from their June 2007 peak but will drop by that much again before this cycle ends. That prediction was made by Kim Wright, who oversees global real estate strategy for UBS. Westfield Group, Lend Lease Corporation and Stockland are just a few of the Australian listed property companies to have bought into the British property market during the boom..... Full Article: Source

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