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ING REIM warns of ‘double dip’ risk in 2011

Posted on 07 December 2010

From Propertyeu.info: ING REIM is not ruling out the possibility of a double dip recession in 2011 if a number of risks to the incipient economic recovery materialise. The main risk is deleveraging, the fund manager writes in its Global Vision 2011 report.
‘Should the banks not work through the non-performing loans and distressed properties on their books in a steady, measured way, should they be forced by a regulatory step into rushing the sales process, then it could lead to a renewed bout of weaker real estate values,’ Tim Bellman, global head of research at ING REIM said……………………………………….Full Article: Source

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