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Real Estate Briefing - Categorized | Market Moves, REITs more

REIT market bullish despite property values hitting a new bottom

Posted on 24 June 2011

Moody’s Investors Service announced yesterday that transaction prices on commercial properties fell 3.7% during April 2011, according to the Moody’s/REAL Commercial Property Price Index (CPPI).
That’s the fifth straight month of decline, and the index shows that property values are now an astonishing 49% below the peak that they reached in October 2007. In fact, the index has now reached a point that is down 2.1% from where it started in December 2000 — that is, property values are lower now than they were more than 10 years ago………………………………………..Full Article: Source


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