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Developed countries see commercial property sales plummetGlobal sales of commercial property fell by 49% in the first half of this year as sales in developed countries were hit hard by the credit crunch, according to a new report.
With the US and European property markets submerged in economic gloom it is only natural that shrewd property investors should look to other countries, indeed other continents, for the next big thing.
Thanks to mass media generalisations about the state of the property market in America we are left thinking that the entire US real estate market is in meltdown and that it represents a toxic investment opportunity to overseas investors at the current time.
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