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Global recession seals real estate downturn

In line with changes in our global economic view, we have made significant downgrades to our commercial real estate forecasts for the next couple of years. As a result, we now expect a much bigger drop in property values next year that will cause annual returns to be negative in all our key markets.

In view of the wider interest, we are also sending this UK Commercial Property Update to clients of our US and Europe Commercial Property Services.

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