Peering into 1999

Article Abstract:

Some 78% of Estates Gazette readers, who were questioned, felt the UK economy would experience a slowdown in 1999. Chancellor Gordon Brown was forecasted to have the most influence over industry, in 1999. Royal Bank of Scotland Group PLC Economist Andrew Burrell forecasted inflation would fall to below 2.5% during 1999-2000, and the gross domestic product would grow by under 1%. DTZ Debenham Thorpe Head of Investment Robert Peto forecasted the number of house transactions would fall to 1.1 million in 1999, from 1.25 million in 1998, and average house prices would rise by 4%.

Financial Forecasting, Officials and employees, Surveys, Investment advisers, Economic forecasting, Public opinion, Royal Bank of Scotland PLC, Economists, Estates Gazette (Periodical), Business forecasting, DTZ Debenham Thorpe, Burrell, Andrew, Peto, Robert

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Blind corners ahead

Article Abstract:

The UK residential property market is expected to experience an increase in available properties during 1999, which will put pressure on agents to provide individual service to compensate for an over-supplied market. The industry is waiting to see how the introduction of the euro will affect the market in 1999, after 1998 was seriously affected by the currency crisis in Asia. Increased activity is forecast for the country house market because of falling interest rates in the UK.

United Kingdom, Real Estate, Real Estate and Rental and Leasing, Industry Overview, Housing

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Managing in the Millennium

Article Abstract:

Property professionals will have to face many new challenges as the 21st century approaches. They must ensure that they adapt to these challenges if they are to avoid being marginalised in organisational decision-making processes. They will need to be prepared to become much more closely involved with the end-user, and will have to focus on innovation in design and use. Their work will have to be firmly based on research into the fundamental elements of demand for property.

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