News article: Office and Factory Values

The RICS have estimated that the value of Britain's offices and factories will more than half over the next year, making this recession and crash of commercial property values worse than the 1970's. The RICS estimate that this downturn will stretch into 2011. This will be further bad news to banks who have lent large sums of money to commercial property developers. The current weakness of sterling could well provide an opportunity for foreign investors to acquire UK commercial properties with attractive yield potentials.