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London Leads Office Property Recovery Among Financial Centers

By Implode-Explode Heavy Industries

"The city?s prime office rents fell before those in New York, Hong Kong or Tokyo and then were the first to bounce back in the second half of 2009 as financial markets improved, the Los Angeles-based property broker said in a report published today. Demand in the U.K. capital has come mainly from overseas investors drawn by a weaker pound."

Full post as published by Mortgage Lender Implode-o-Meter on February 16, 2010 (boomark / email).