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Distressed property sales to rise on bank reform

Posted on 05 August 2010

From Reuters: More distressed property sales are expected in the next 12 months as changes to international regulations will likely raise the capital cost of holding commercial property on banks’ balance sheets, an industry body said.
Growth in distressed property listings eased slightly in the second quarter of this year, but are expected to worsen in the third quarter, the UK Royal Institution of Chartered Surveyors (RICS) said on Thursday, based on the results of a survey of its members……………………………………….Full Article: Source

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