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A Bank of England official identified a big problem at the heart of London's inflated commercial property market

The Bank of England's Alex Brazier warns on an the UK's commercial property market. The market is relying on interest rates remaining very low in the future, while also expecting growth conditions to be favourable. The story of London's commercial property market, was for many years, one of rampant expansion and surging prices. There is now evidence that the market has moved into a downturn.
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