List of countries with commercial distressed sales growth

August 5, 2010 at 2:27 pm 1 comment

Even though the growth in commercial distressed property listings is felt worldwide, it seems that Portugal, The United States and Ireland are still in the lead.

The study reveals that in the second quarter of the year 13 out of 25 countries reported an increase in distressed sales. While, as said before, the larget growth was registered in Portugal, the US and Ireland, some countries have registered an increase at a faster pace than others. These countries are Portugal, Spain and Germany.

However, the fastest decline in number of distressed properties were registered in Brazil, India and Hong Kong. Sources cited by PropertyWire.com say that “‘growth in distressed listings eased back globally outside of Portugal, Spain and Germany in the second quarter. That said, distressed listings are still rising albeit at a slower pace in much of the rest of Europe and the US. A clear divide appears to be opening up between these markets and the rest of the world,’ said Oliver Gilmartin, RICS senior economist.”

The Kinos Group handles distressed property sales in Spain, especially in Costa del Sol. The best offers on the market! Málaga, Marbella, Estepona, Fuengirola, Benalmádena!

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Entry filed under: Distressed sales, News, Real estate. Tags: , , , , , , , , , , , .

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