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2008-11-14
Great Britain | Property Markets
Great Britain: UK commercial property prices dived by a record 4.3 percent in October, taking the market's total decline from a June 2007 peak to more than 28 percent, new figures showed on Friday. The Investment Property Databank (IPD) UK Monthly Index showed prices for UK shops, offices and industrial real estate tumbled by the largest margin on a month-by-month basis in IPD's 22-year history in October, as Britain's economy edged closer to recession.
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