UK property agents Savills said on Wednesday that 2008 will be a challenging year for the property industry worldwide although not all areas and sectors will be affected equally. 'The outlook for our UK and US commercial capital markets businesses depends on how quickly confidence returns to the financial markets,' chairman Peter Smith said in a statement coinciding with the presentation of the company's 2007 earnings.
Premium subscriber content – please log in to read more or take a free trial.
