Wednesday, May 16, 2007
Interesting developments...
Times: Commercial property has peaked, LandSecs chief says
Britain’s runaway commercial property market has peaked, the head of the UK’s biggest property group said yesterday.
The warning from Francis Salway, chief executive of Land Securities and in charge of assets worth £14.8 billion, will send shivers through the UK commercial property market, estimated to be worth about £710 billion.
Posted by tyrellcorporation @ 11:19 PM (165 views) Add Comment
2 Comments
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1. Paulos said...
That ties in with the big sales in London we've seen, which were suspected as people "calling the top of the market".
2. dohousescrashinthewoods said...
And the indicators were:
- Sale of the Gherkin for an astronomical price
- Sale of HSBC's headquarters at an eyewatering record-breaking price