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London Property Deals " Crash" 50%


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http://www.telegraph.co.uk/money/main.jhtm...7/cncity107.xml

City of London sees
crash
in commercial property deals
By Jonathan Russell
Last Updated: 8:18am BST 07/07/2008
Central London has seen a dramatic 50pc slump in commercial property transactions over the first half of the year.
The City of London and West End markets have seen the volume of investment transactions fall from £10.3bn in the first half of last year to £4.9bn in the first six months of 2008, says property agency Cushman & Wakefield (C&W).

We have gone from "London will resist the troubles plaguing other cities around the world" to "crash" language in the space opf less than 6 months. And so soon into the crash cycle! City job losses among property lawyers etc. will follow quickly.

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