U.K. Home Prices Fall as Hometrack Sees Further Decline: Economy – Bloomberg 12-24-12

Salient to Investors: askdesigns.com/html_files/ Hometrack said UK house prices will decline 1 percent in 2013 – London will outperform the national market but price growth will slow to 2 percent. Richard Donnell at Hometrack said affordability constraints and a general unwillingness to take on debt will continue to be a drag on the housing market in 2013.

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Pound Heads for Weekly Gain as Home Prices Add to Growth Signs – Bloomberg 12-14-12

Salient to Investors: Investors said the S&P lowered outlook for the UK’s credit-rating will have little impact. Stuart Thomson at Ignis Asset Mgmt doesn’t see the downgrade as significant for gilts – a move from AAA to AA+ has lost its impact, if it ever had any, and the impact on default is virtually

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San Francisco Office Costs Increase the Most in the World – Bloomberg 12-13-12

Salient to Investors: CBRE said office space in San Francisco rose the most in the world in the year to September 30 fueled by technology companies. Seattle had the 4th largest rise. Asieh Mansour at CBRE said the U.S. high-tech sector has matured, with new applications for even traditional businesses. Mansour predicts San Francisco’s gains and Asia-Pacific expansion will slow

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Asia Funds Buy London Offices in Bet Volatility Is Past – Bloomberg 11-28-12

Salient to Investors: Asian investors are the biggest buyers of office property in the City of London in 2012. A weak pound, safe haven reputation, and returns that beat financing costs makes London the world’s most attractive city for foreign property investment. Development is slower than demand, prices are 25 percent below 2007

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