eric pebble Posted April 23, 2008 Share Posted April 23, 2008 (edited) City of London hit with 'Code Red' by Moody's The office rental market in London's historic Square Mile has been issued a "code red" rating by Moody's, as the slowdown in banking industry hits demand for space. The office rental market in London's historic Square Mile has been issued a 'code red' rating by Moody's, as the slowdown in the banking industry hits demand for space London's Docklands has suffered alongside the City, from the cull in the banking sector The ratings agency downgraded the City's office market to red, or already under "imminent stress", from a yellow rating where it was "on the cusp of imbalance and therefore fragile". In a report on the European commercial property markets, Moody's said London's financial district was now seeing the fastest growing vacancy rates across Europe, and faces a greater risk from over-supply next year. Whole article here -- http://www.telegraph.co.uk/money/main.jhtm...cnoffice123.xml Remember how -- barely 8 months ago - they were talking this up along with the rest of the "Property Market".......... Sorry -- but I DEFINETLY saw this coming..... Edited April 23, 2008 by eric pebble Quote Link to comment Share on other sites More sharing options...
ReggiePerrin Posted April 23, 2008 Share Posted April 23, 2008 And todays winner of the double speak award for gibberish is awarded jointly to Rod Bowers and Jeroen Heijdeman of Moody's "The London City market continues to maintain the strongest negative demand-supply relationship - increasing from -1.1pc to -5.4pc. The negative demand-supply relations is anticipated to impact vacancy levels in the near future." So things are getting worse and because things are getting worse they're going to get even more worse, soon?? I'm afraid English is my first language so I may not have translated this properly. Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted April 23, 2008 Share Posted April 23, 2008 And todays winner of the double speak award for gibberish is awarded jointly to Rod Bowers and Jeroen Heijdeman of Moody'sSo things are getting worse and because things are getting worse they're going to get even more worse, soon?? I'm afraid English is my first language so I may not have translated this properly. Ain't not gunner get betterer. Quote Link to comment Share on other sites More sharing options...
crash2006 Posted April 23, 2008 Share Posted April 23, 2008 banks and CB are Pop-A-Vein-In-Your-Forehead poo Quote Link to comment Share on other sites More sharing options...
eric pebble Posted April 24, 2008 Author Share Posted April 24, 2008 banks and CB are Pop-A-Vein-In-Your-Forehead poo Eh?!??! What?!?? Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted April 24, 2008 Share Posted April 24, 2008 Remember how -- barely 8 months ago - they were talking this up along with the rest of the "Property Market".......... Sorry -- but I DEFINETLY saw this coming..... You aren't the only one who saw it coming Eric - remember all those banks who STRed on their offices and headquarters over the last year..? They knew what was coming and it's foolish to pretend otherwise, they were just trying to milk the last few pounds out of the stupidest sheeple before mentioning that property was doomed! Quote Link to comment Share on other sites More sharing options...
skomer Posted April 24, 2008 Share Posted April 24, 2008 The City is one big building site right now - impossible to walk 10 yards without walking into some scaffolding. Fenchurch Street, Cheapside, Lombard St, Bishopgate all being rebuilt from what i can see. Problem is I just cant work out who they are building all this stuff for? Quote Link to comment Share on other sites More sharing options...
WSG Posted April 24, 2008 Share Posted April 24, 2008 And todays winner of the double speak award for gibberish is awarded jointly to Rod Bowers and Jeroen Heijdeman of Moody'sSo things are getting worse and because things are getting worse they're going to get even more worse, soon?? I'm afraid English is my first language so I may not have translated this properly. How does something increase from +1.1 to - 5.4 it's not just English they are buggering about with it's Elementary Mathematics as well. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted April 24, 2008 Author Share Posted April 24, 2008 The City is one big building site right now - impossible to walk 10 yards without walking into some scaffolding. Fenchurch Street, Cheapside, Lombard St, Bishopgate all being rebuilt from what i can see. Problem is I just cant work out who they are building all this stuff for? The manifestation of PURE greed........... Quote Link to comment Share on other sites More sharing options...
Realistbear Posted April 24, 2008 Share Posted April 24, 2008 Gordon's policy toward the City has included a diretive to the FSA to "go softly on fiddles" to the point where no one can trust the system anymore. Add this to the collapsing banking industry overall and you have a recipe for the decline and fall of the City as a reputable place of business. This thing is happening a lot faster than many thought. Quote Link to comment Share on other sites More sharing options...
Nicholas Cage Posted April 24, 2008 Share Posted April 24, 2008 (edited) Since last summers bull market peak it has fallen by 16% , the rating agencys seem incapable of seeing falls. Muddys should just have checked the major indices for commercial property investment YOY, and gone back to Rating Bear Stearns AAA+. http://www.ipd.com/OurProducts/Indices/tab...00/Default.aspx Edited April 24, 2008 by maxwell Quote Link to comment Share on other sites More sharing options...
_w_ Posted April 24, 2008 Share Posted April 24, 2008 Muddys should just have checked the major indices for commercial property investment YOY, and gone back to Rating Bear Stearns AAA+. They are still rating the monolines AAA when the rest of the world knows they're junk. Perhaps they can't read. Quote Link to comment Share on other sites More sharing options...
cityboy Posted April 24, 2008 Share Posted April 24, 2008 The City is one big building site right now - impossible to walk 10 yards without walking into some scaffolding. Fenchurch Street, Cheapside, Lombard St, Bishopgate all being rebuilt from what i can see. Problem is I just cant work out who they are building all this stuff for? Something for the middle eastern oil states to spend their money on. The view across the city at the moment is just cranes. Quote Link to comment Share on other sites More sharing options...
Monkey Posted April 24, 2008 Share Posted April 24, 2008 has Erics account been hacked? there is no barage of lots of colourful words and big fonts. it cant be him posting LOL Quote Link to comment Share on other sites More sharing options...
dredwerker Posted April 24, 2008 Share Posted April 24, 2008 How does something increase from +1.1 to - 5.4 it's not just English they are buggering about with it's Elementary Mathematics as well. Its worse/better than that - it was Increasing negatively from -1.1 to -5.4 so if you get one's axis and just turns it upside down and VOILA there you go down is now up. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted April 24, 2008 Share Posted April 24, 2008 The City is one big building site right now - impossible to walk 10 yards without walking into some scaffolding. Fenchurch Street, Cheapside, Lombard St, Bishopgate all being rebuilt from what i can see. Problem is I just cant work out who they are building all this stuff for? Who cares, it'll end up as social housing either way. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted April 24, 2008 Author Share Posted April 24, 2008 Who cares, it'll end up as social housing either way. Yup -- loads of social housing - arrived at in a very weird roundabout way....... Quote Link to comment Share on other sites More sharing options...
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