IPD says the commercial property market suffered its worst quarterly performance at the end of 2007.
Total returns fell 7.6%, a record fall in the index’s history. Capital values of UK commercial property fell 8.7%. IPD said the collapse of investor confidence had been faster than even during the 1990s crash.
It said the collapse could be a “reverse driver” of further pain for the wider economy.
01/02/08 Financial Times 3
Daily Telegraph B2
