Leasing markets continue to be hit by the problems of occupierscanceling or reducing their space requirements, the firm said, andthis is particularly severe in the Asian market, which is veryexposed to the problems of US-based multi-nationals. But lowerinterest rates are helping to sustain demand for propertyinvestments.
Residential markets have seen a price adjustment and inparticular in London asking prices have dropped by between 10% and15%, although values are still higher than they were a year ago.However residential markets in the Midlands and the North have beenstrong.
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