Updated 4:36am 2 May 2012

Further pain to come in commercial property market, says DTZ

THE latest DTZMoney into Property report predicts that further pain in commercial property prices is yet to come, as prices will continue to slide globally through this year and will only stabilise next year.

According to the agency, the prime London City office market is the only key office market globally to offer investors attractive returns at current values.

DTZ’s global analysis has identified markets at different positions in relation to their fair value.

The report claims that London West-End, Madrid, Paris and Sydney will reach fair value this year.Š

Meanwhile Frankfurt, New York, Shanghai and Tokyo will not represent attractive investment destinations until 2010.

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