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by DTZ Research [More Info]
Real estate has been at the heart of the crisis, acting as both the original trigger (US residential sub-prime) and an important transmission mechanism to the real economy (eg the UK mortgage and housing market). Globally, the commercial real estate market had in fact already peaked well before the sub-prime crisis broke last August, at least if the listed market is any guide. However, the market’s cyclical downturn has been greatly reinforced by a sharp tightening in the availability and pricing of debt and a widespread deterioration in market sentiment initiated by the sub-prime crisis.
Access : For Public
Pages : 15
Category : Real Estate
Cost :
Free
Date Published : 2008-06-30
