re: uk outlook falls in 2009-10

The outlook for UK commercial properties has worsened,fund managers and analysts predict a steeper drop in capital values this year,with a recovery not due until 2011.
In its quarterly survey, Investment Property Forum said property experts have cut their expectations for the market in the last three months,now projecting capital values to fall, on average,17.9% in 2009 and 3.8% in 2010.
The experts predict capital values to return to growth in 2011., rising on average 4.1% over all commercial property sectors-office,industrial,and retail,IPF said.
The previous estimates,compiled last Nov.,were for a 11.5% fall in 2009 and a decline of 0.8% in 2010.
Limited occupier demand appears expected to meet rising supply and there is little sign of any expectation that investor demand is going to stabilise falling capital value growth in the short term.
Benchmark data from Investment Property Databank showed commercial property values in the UK have on average sunk by 37.4%.
This supports the Capital Economics forecast that the market would experience a peak to trough correction of 55%.
Fri,6th March 2009.
The above has similar applications for GMG Europe for nta falls but todays unit fall is way overdone i expect worst case bottom 0.12c charts say 0.15c.