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Distressed sales increase in Spain, Ireland: RICS

Posted on 06 June 2011

Spain, the Republic of Ireland and the US have seen the largest reported increases in distressed property listings in the past three months, according to the latest RICS Global Distressed Property Monitor.
The Royal Institute of Chartered Surveyors (RICS) found that two third of the countries surveyed are expecting an increase in distressed property listings for the second quarter of 2011. The outlook remains negative in Spain, Ireland, Hungary and Italy as poor economic conditions continue to weigh on the real estate markets in these countries………………………………………Full Article: Source


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