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Recession hit property owners putting off spending money on their buildings, survey shows

Nicholas Wallwork

Nicholas Wallwork

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More than two thirds of owners in London are planning to upgrade their properties in the next year*with some doing so in order to sell in expectation of an improved real estate market.

Almost a quarter though have no intention of spending money on their property in the next year*because they are cash strapped due to the recession, according to a new survey.



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