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Real Estate Briefing - Categorized | Europe, Market Moves more

Distressed markets report is grim news for Europe

Posted on 09 June 2011

There has been a massive increase in the level of distressed property listings in Spain, according to the latest index from the Royal Institute of Chartered Surveyors (RICS). RICS’ Global Distressed Property Monitor found that the pace of economic recover and rising interest rates are causing the number of distressed listings to rise.
According to the report, Ireland, Spain and Hungary and Italy will see the highest number of distressed properties on the market in the next few months, while Russia, China, South Africa and Poland will see the fewest………………………………………..Full Article: Source


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