International property services firm Jones Lang LaSalle (JLL) estimates that direct real estate investment activity in the UK during the third quarter of 2008 stood at circa £5bn (EUR 6.3 bn), slightly below the £6bn recorded in the previous quarter. This translates into a year to date total of £18bn, a 58% drop compared to the same period last year. The report found that this mainly due to the lack of available finance impacting on large lot size deals, which is affecting the central London and shopping centre markets in particular.
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