Like last year and the year before, the magnitude of pressure in the property markets in the UK has started to fizzle out in the month of May. The property market in UK is driven by city bonus in London and the local cities. Stock markets tends to do well from November to the mid of May then calm down or do the reverse during the summer months.
GDP, manufacturing, employment will be higher from the period of October to May.

Property interest rates have from 5.5 percent and still there is a prediction of a rise again in the recent times, with a possibility of a further rise of 6 percent by the end of the year. This should cool the property market significantly towards the end of the year.

Regardless of the financial crisis and credit crunch, London GDP and property investment has held up well and is expected to continue to do so. UK property prices have dropped to about 20 percent. Another 6 percent is expected to fall in the following time.

American commercial property values have fallen by 17 percent in the first half of 2008. US commercial value has fallen even to a greater degree in the year 2009 far more than the UK, as was told by IPD. It was seen that in the UK property values had fallen by far in the year 2008. That scenario changes in the current year. US property values dropped to 6.9 percent which eased some of the pressure, better than 10.8 in the second quarter.

Office properties were hit the hardest with 7.8 percent decline in its property values. Warehouses, industrial properties had to taken a toll of 7.5 percent. Retail properties and shopping malls have faced very less decline with 5.1 percent decline in the property values.

Standard premium rates at renewal are slowly increasing. Programs renewed flat to10 percent in the first quarter of 2009. Average increases in the second quarter are expected to be higher and may gradually trend upwards as CAT capacity is diminished.