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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
Global distressed commercial RE triples to $353bn in 2009
Commercial property in distress worldwide exploded in 2009, with assets in varying stages of default, foreclosure or administration surging by 190% to $353bn compared to 2008, says a new report from research firm Real Capital Analytics. In Europe, Mid-East and Africa, growth of distressed properties and real estate firms declined steadily quarter to quarter over 2009. But the slowing pattern in France, Germany and Spain was offset by soaring distress in Russia where problem real estate deals were up no less than 600% at $12bn. (See upcoming PIE/PFE editions for full story)