London's $9 billion property sell-off risks price drops | Reuters
Lukewarm demand for about 5.75 billion pounds of London offices on the market will likely force sellers to cut prices up to 15 percent, bringing them back to more realistic levels, property experts told Reuters.
So far, offers are believed to have been made for about 1.7 billion pounds of the offices, which are in London's City financial zone and Canary Wharf business hub, global real estate consultancy CBRE (CBG.N) said. It is not clear how many are under offer.
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