Thursday, 14 February 2008

"Commercial property now through the worst"

... is the headline to an article in today's City AM (I can't track it down online, but this gives the overall flavour).

The actual article I read (page 2 of paper version) kicks off with "The fall in value of commercial property decelerated in January ... Capital* values fell by 2.1 per cent last month, compared to 4.3 per cent in December, according to CB Richard Ellis's Monthly Index ..."

Er ... right ... so if an army had a thousand casualties last month and only five hundred this month, that means that they are now winning the war?

* I mean, it's not even as if rents are falling (yet), according to another article in the same paper last week..

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