Until recently, we were optimistic that the commercial property correction would be short-lived and driven solely by a yield shift. But we have revised down our forecasts for GDP growth in 2008 and 2009. As a result, we now expect all-property rental values to fall this year and next by 2% and 3% respectively.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services