11.08.2010 - Creditors ramp up sales of distressed U.K. properties

From WSJ: U.K. banks and other creditors are speeding up commercial-property sales of distressed assets partly because they are concerned the recent increase in prices may be leveling off. But buyers shouldn't expect cheap property to flood the market and reduce prices. While banks will accelerate property sales, they will continue to sell assets in an orderly manner to protect prices in a recovering market, observers said..............................................Full Article: Source

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