24.06.2011 - REIT market bullish despite property values hitting a new bottom
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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