| 22.10.2008 - Slump hitting commercial property |
| From Kiplinger.com: The commercial property market is icing up, and the outlook is worsening. Deals are way down. Over the past year, total dollar volume of transactions in offices and hotels has dropped about 75%; retail, about 70%; and industrial, about 60%. Doubts about the value of property have shut down deals financed through mortgage-backed securities. Investors, including pension funds and insurance companies, are extremely wary..... Full Article: Source |