The report provides an assessment of the consequences of the credit crunch for property finance in London and the implications for policy. It demonstrates that:

The credit crunch is having a far-reaching impact on investment, development and occupational markets.
Given the effect of the credit crunch on the wider economy is still unfolding, the result for property markets [...]

Activity in the housing market is slowing sharply as the credit crunch continues to hamper demand. This has led to house prices falling; so far there have been eight consecutive months of declining house prices with a total fall of 7.3%.
The combination of falling house prices and a weakening economy has led to confidence falling [...]

There was further evidence of a deteriorating housing market in the UK as government data showed annual house price growth slowed to its weakest in over two years during May.
The Department for Communities and Local Government (DCLG) found that annual house price inflation fell to 3.7 percent in May from 4.9 percent in April, the [...]

A giant Russian property group has teamed up with UK developer the Beetham Organization to build a £1bn, mixed-use Blackfriars tower on London’s South Bank.
Mirax, the group led by entrepreneur Sergei Polonsky with a £5bn development programme across the globe, exchanged contracts to buy a 50% stake in the 1 Blackfriars project on Wednesday morning [...]

Prime Residential Property Extract: The prime residential markets showed remarkable performance in the first three quarters of 2007. They were relatively insulated from the affordability issues which dogged the mainstream markets but this all began to change in October. The markets had to contend with the global credit crises and, as a consequence, reduced demand [...]