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The property big shots tell it how it is

    Business professionals were treated to a property masterclass last week at a B-ICC business breakfast at City law firm Watson, Farley & Williams. Heavyweights Nick Leslau, Gerald Ronson, Stephen Hubbard and Tony Gibbon shared their views about the current conditions in the UK market as part of a panel chaired by Property Week's Giles Barrie. And the expert's verdicts will have been hard to swallow for some. Heron's Mr Ronson commented: "It isn't easy. Property is not the business it was. We are still in unchartered waters. It will be a while before the good times come back." Mr Leslau added: "I think it will be a rather boring two or three years ahead but it's better to be bored than bust." It was not all bad news, however. The experts acknowledged that London remains a hot market for prime property.

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