european property stocks tank short term

AEZ is now a big European property fund manger. Property funds are way down in past few months in UK and probably Europe too, but a bit harder to get info. British Land is down by nearly half as an example. Why? Falling commercial property values, not shortage of tenants or any problem with rents. Seems to have much to do with credit availability from sub prime damaged lenders creating a shortage of buyers and mare forced sellers looking to boost liquidity in the short term. Allco's cash flow is pretty sound and growing and looks to me like there will be no damage to dividends. This is either broadly speaking real bargain time or the beginning of end of the world as we know it. I bailed most of holding on chart signs at about $7 and want to get back in for more for the same money, but why buy on a falling chart? Will it be cheaper tomorrow? But then the music will stop and it will jump up. Could it be writedowns with dividends unaffected? Strange world. Think I will nibble a bit as it goes down. Think long term?