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IPD: UK property falls set to beat landmark 1990s crash

17 December 08 - RE+D Magazine
IPD: UK property falls set to beat landmark 1990s crash

COMPANIES

ARXIKON S.A.

Developer - GREECE

PEOPLE

The negative returns for UK commercial property for 2008 look set to surpass the landmark losses recorded in 1990, on a real returns basis, IPD UK Index shows. All property total returns amounted to -18.2% over the 11 months to November 2008, compared to an inflation-adjusted return of -16.2% almost 18 years ago on the UK Annual Index. The largest ever annual total returns loss for UK commercial property was -29.4% recorded back in 1974.

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