IPD Report

Yesterday we reported on these pages how a report by The CBI/GVA Grimley Corporate Real Estate Survey, previously the Property Trends suggested that occupancy take up showed signs of an increase.

Well just as we were starting to enjoy ourselves, the Telegraph reports on clear signs of a fall.

Up until May of last year total returns were up 14%, in June prices started to head South and so we find ourselves with office returns down 4.7% in December.

Retail had dropped by 3.4% and industrial property by 3% in December alone.

If this is not bad enough, property shares have fallen by 37% in the past 12 months according to IPD and we can expect them to further fall in 2008.

We preferred yesterdays news....