The property market has been hit hard by the current recession, and impacts of the decline have seen deflation reach new levels. Many assume that recovery is around the corner – but what will happen if prices continue to fall? In this fourth instalment of our international series of...

The current economicrecession that has gripped the world hasarrived with considerable ferocity, and thereseems little debate that the banking liquiditycrisis has demanded prompt and decisiveaction from states and internationalinstitutions alike. The question confrontingmany policy makers and...