Sunday, Jun 22, 2008
The comparison to the 1990's Crash
FT: FTSE 350 real estate sector being demolished
While the City of London's skyline is still cluttered with cranes, the wrecking ball has been taken to the FTSE 350 real estate sector's market capitalisation.
From an all-time peak of £51bn, the industry shed 50 per cent of its stock-market value in just 16 months. In the early 1990s crash, by contrast, it lost 64 per cent over three years. And there are good reasons to believe the present demolition job may have further to go.
Posted by stevie dee @ 03:24 PM (212 views) Add Comment
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