30.10.2008 - Australia: Commercial property sales dive
From News.com.au: Research by CB Richard Ellis analyst Kevin Stanley shows sales reached only $5.6 billion in the first three quarters of 2008, compared with $12 billion last year. Mr Stanley said the Australia-wide results were consistent with global trends. "Investment activity has slowed due to uncertainty about how far prices may yet fall and a lack of debt available for larger transactions," he said. .... Full Article: Source