Capital values to remain under pressure, says JLL

With the global economy expected to continue to weaken over the remainder of 2008 and throughout 2009, capital values are likely to remain under pressure, according to the latest Global Capital Flows report released on Tuesday by Jones Lang LaSalle. Although transactions are likely to continue, this will probably be a result of more distressed selling and fair value opportunities rather than a
demand bounce. Volumes globally for the whole of 2008 are likely to approach half the record global volumes of 2007, which totalled $759 bn (EUR562), JLL said.