NEW YORK – June 7, 2010 – Ireland and the United States are set to see the biggest rise in distressed sales*, according to RICS research published today.
Real estate professionals expect the number of distressed properties coming onto the market in the second quarter of 2010 to increase across 19 of the 25 countries surveyed. Respondents in Ireland and the United States expect to see the fastest growth in activity, followed by Scandinavia, New Zealand and Hungary. The UK also has seen deterioration in sentiment with the net balance of those expecting distressed sales to rise moving from 14 percent to 42 percent. However, there is positive news from Hong Kong, Australia, China and India where agents expect distressed sales to decline.
By Will Safer Communications Manager at RICS Americas
“Interconnected, US Commercial Real Estate sets the standard for the Global Commercial Real Estate Market” ,
Article by Manfred Chemek, CCIM, FIREC, TRC, CIPS. (September 2009)
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“Euro to strengthen and stabilize” Commercial Investment Real Estate Magazine
Article by Manfred H. Chemek, CCIM, FIREC, TRC, (November 2002)
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