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Savills: property market headed for deeper downturn

Anne Ashworth and Judith Heywood Times Online 09.07.2008
Savills hit by property downturn

Property firm Savills has reported a loss of £7.7m for 2008 after the sector saw an "unprecedented" downturn.

Savills: property market headed for deeper downturn

The property market is careering towards a longer and deeper downturn than expected, according to Savills, the quoted estate agent, which yesterday reported that prices were falling even in the formerly resilient smarter London postcodes.


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