Bank Fortunes Key for Savills ; Property

Summary


UPMARKET estate agent Savills warned today that its fortunes are tied to how well the banking industry recovers from the credit crunch as latest statistics reveal that the bottom fell out of the commercial property market in the closing months of last year.

"Trading conditions in many commercial investment markets, particularly in the UK and US, have clearly been challenging in the last few months," Savills said.

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Extract


Bank Fortunes Key for Savills ; Property

"The outlook for our UK and US commercial investment, UK residential and U...

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