News

Mutiny and Cannibalism?

Since we reported in April the crisis in the banking sector has spilled over into the real economy. The storms in the wholesale financial markets show no sign of abating with Lehman Bros drowning in oceans of debt and Merrill Lynch's rescue still dependent on Bank of America's due diligence. Meanwhile the Bank of England expects our economy to remain flat over the next 18 months with OECD forecasting the UK economy will shrink marginally, by 0.2% over the next six months.

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What's ahead in commercial property for 2008?

Hindwoods continue to closely monitor the supply and demand for commercial property in Kent and South East London. Our experience for Q1 2008 is that the market remains active with the volumes of lettings and sales in the occupational sector (as distinct from the commercial property investment market) remaining consistent with the trend over the last five years.

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