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Dear Reader,

One London market property underwriter was at a drinks reception the other night with one of my colleagues and, when asked when and if the market would turn he quickly replied:

"The market has turned- a fortnight ago."

Well, there you have it- it doesn't get more specific than that, does it?

Ok, perhaps he was being a little bit naughty, but then again maybe he really meant it.

After all, there's only so much pain that underwriters...

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