Tuesday, 18 August 2009

RICS: Global Distressed Property Monitor August 2009

According to a study conducted by the Royal Institution of Chartered Surveyors (RICS), the number of distressed property sales has increased worldwide.

In 75% of the 27 countries examined, the number of so-called distressed properties put on the market went up during the second quarter, according to the poll. South Africa is at the top of the list of countries showing the largest increase, with the U.S.A. and New Zealand hot on its heels. The exceptions are China and Brazil, where the number of such objects on the market went down compared to the previous quarter.

There was little change in the German Property Market, Czechia, Hong Kong, Japan, Italy and Switzerland. On the other hand, Germany is among the favourite target countries for funds specializing in opportunities created by the crisis. Bargain hunters are also scrutinizing Italy, Great Britain, the U.S.A., Hungary, Spain and Ireland.

For support in the identification of the right investment targets please visit our website at www.berlin-portfolio.com. Especially for international Private Investors and Property Funds we provide a task force service for quick reaction to interesting opportunities.

We provide independent support for the property search including foreclosure or auction properties and their valuation or appraisal. (Also see our free property market Research Service)

Please use this link to the contact facilities provided there to place any requests .

Uwe Falkenberg

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