Commercial property values in Europe declined 10.8% in the first three months of this year, according to an MSCI index. However, in the U.K., property values plunged 16% during the same period. Landlords are optimistic about the future as rising rents and the limited supply attract buyers. - Goldman Sachs predicted the London office market to deteriorate further as deal activity in the sector to almost global financial crisis-era levels.
- Experts believe U.K. property markets would rebound sooner than their European counterparts by leveraging a faster correction in U.K. property values.
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