Writing in a City Wire commentary, property analyst Anne Breen claims commercial property has "turned the corner" after a dismal 2008. "As global stock markets show further signs of stability, we continue to view the pricing of listed property markets as a good barometer of recovery in underlying commercial property markets. The listed property sector tends to be a strong lead indicator for the direct property market, preceding improved valuations in the direct property markets by around six to nine months," she said.

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