Investors returning to the battered British commercial property market are snapping up offices and shopping centers for 75 percent less than at the peak of the market in 2007, according to the real estate adviser DTZ.
That decline was less than the 89 percent drop in the United States or 80 percent in the Asia Pacific region. But in Britain, the speed of the decline was faster — transaction volumes shrank 51 percent in the three months after their peak compared with 35 percent in the United States and 19 percent in Asia.
Some analysts said this rapid correction was now helping the British market recover faster than those in New York, Tokyo or Frankfurt.
