29.01.2009 - U.K. property prices may drop another 25% in 2009, Moody’s says
From Bloomberg: U.K. commercial property prices may fall as much as 25 percent this year as banks curb lending to investors, according to Moody’s Investors Service. By the end of the year, valuations in Britain may have dropped as much as 45 percent from their peak before the credit crisis started in 2007, Moody’s said today in a report on European commercial mortgage-backed bonds. French real estate may fall as much as 20 percent, with a 15 percent decline in Germany, the report said..... Full Article: Source
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