This week's IPD figures are hardly going to have cheered anyone up. Last month saw the steepest drop (£) since values begin to pale back in November. So how does it feel to be an investment agent on the ground?
EG caught up Rob Tudor, partner at Tudor Toone, a Mayfair-based boutique investment business. Tudor has been in the business for the past couple of decades and has seen markets come and go. For them operating the business in a recession is easier in some ways to a bull market - click below to listen to exactly why he thinks this.
He says investment volumes are down significantly and he cannot see that changing for some time, but there are pockets of value mainly in the home counties and London in particular.
Having taken the plunge and set up his own firm in the late 90s Tudor offers a cautiounary note for anyone thinking of setting up today. The market is very competitive he says there are plently of big firms that offer a full compliment of skill sets and some very strong niche firms - what would you really bring to the table? he questions.
His number one concern, like most of us, is Europe. The effects are already reverberating into the UK market and he warns, if clients are not confident they will not proceed with any plans.