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Real Estate Briefing - Categorized | Commercial property Watch, Market Moves more

Australia: Commercial property sales dive

Posted on 30 October 2008

From News.com.au: Research by CB Richard Ellis analyst Kevin Stanley shows sales reached only $5.6 billion in the first three quarters of 2008, compared with $12 billion last year. Mr Stanley said the Australia-wide results were consistent with global trends.

“Investment activity has slowed due to uncertainty about how far prices may yet fall and a lack of debt available for larger transactions,” he said. …. Full Article: Source


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