The real estate market is in for a period of “substantial repricing” over the next 18 months with valuations set to decline by up to a quarter in some developed countries, according to The Townsend Group co-founder Kevin Lynch.
Speaking at the ExpoReal conference in Munich today, Lynch warned real estate prices were expected to fall by up to 25 percent in the UK and by between 15 percent and 20 percent in the US in the wake of the credit market dislocation.
