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City focused markets suffer most acutely

• Values continue their downward spiral across prime London with the sectors of the market that are most reliant on demand from financial and business services continuing to suffer most acutely.
• We expect capital values in central London to fall a total of -30% from their peak in 2007 before beginning their recovery in mid-2010.
• Further job cuts in the City over the remainder of 2008 and 2009 mean we expect rental values in central London to fall by -7% from their peak.
• In the prime regional country markets, the pace of price falls is accelerating with falls in all price brackets recorded during the third quarter. 

Contact Information Lucian Cook +44 (0) 20 7016 3837 lcook@savills.com

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