Nick Thomlinson

“City office rents have fallen 30 per cent”

“residential prices plummet around 20 per cent since their peak in the summer of 2007”

“Last December it said its profits for the year to April 2008 were down seven per cent to £59.2m, from the year before”

“This means the group’s 46 partners – a number which has subsequently grown to 65 due to restructuring in its European network – took home an average of £780,000, 29 per cent less than a year ago”

“the firm had £53m of cash in the bank last year”

“The partnership has just under 200 offices in 38 countries – with 63 in the UK”

“The super prime market was still going hell for leather until September 2008, then it hit a juddering halt”

“Our core market – £400,000 to £1.5m – is largely made up of second or third time UK buyers”

“The freezing of the credit markets in this recession makes it very different to the last one the firm faced in early 1990s”

“Then interest rates were around 10 per cent and people were really bleeding”