06.05.2011 - Global property funding gap falls to $202 bln-DTZ
The global debt funding gap on commercial property for the period 2011-13 shrank 17 percent to $202 billion after the amount of outstanding real estate debt in the United States fell and forecast property prices there rose, research showed. Property consultancy DTZ said much of the drop from $245 billion in November 2010 could be pinned on outstanding U.S. debt falling from $49 billion to zero, driven down by a 6 percent drop in debt and a 9 percent rise in forecast values..............................................Full Article: Source
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