Many countries 'likely to see rise in distressed properties'
Date posted: 09 Jun 2010
A large number of the global property markets covered by a Rics survey could see an increase in distressed properties in the second quarter of this year, it has been suggested.
Published by Tim Hill.
In the second quarter of this year, many countries could witness an increase in their sales of distressed properties, research from the Royal Institution of Chartered Surveyors (Rics) has suggested.
As many as 19 of the 25 nations covered in the organisation's Global Distressed Property Monitor Q1 2010 study might see a growth in the number of available distressed properties during the current three-month period, according to those responding to the poll.
Senior economist at Rics, Oliver Gilmartin, noted that distressed properties are still having an impact on property markets.
He stated: "The issue of distressed property assets has not yet gone away, despite a modest recovery in values across most global property markets in the past six to 12 months."
Towards the end of May, Rics also released its Global Property Sustainability Survey, which suggested that the first quarter of 2010 saw a rise in the amount of sustainable improvements being made to real estate properties.
Please contact Michaela Henson, Head of Property for further information or call 01223 225178
Click here to email or call on 0207 382 8060.
Partner
Our team work with commercial and residential developers, property investors and property funds, construction companies, registered providers, private clients and land owners.
Learn more...
