UK commercial property worth five billion pounds ($8.92 billion) changed hands in the three months to end-September as the market continued to shrink due to a lack of debt funding and falling prices, data showed on Wednesday.
Property services firm Jones Lang LaSalle said British direct real-estate investment in the third quarter was down about 17 percent on the previous three-month period when 6 billion pounds traded.
Jones Lang LaSalle said the year-to-date total for the market stood at 18 billion pounds -- a 58 percent drop compared with the first nine months of 2007.
