London will retain its position as the world's leading financial centre despite current market conditions, according to a survey of more than 100 of the leading real estate directors in the UK. The survey was conducted with chief executives, chief financial officers and directors who recently attended a real estate companies forum hosted in London by global law firm DLA Piper. Some 79% of the respondents said the credit squeeze was having a direct impact on their businesses. While 35% of the total felt that the market would stabilise in six months or less, 47% were more pessimistic and said the downturn was likely to last for at least another 12 months or more.
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