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28 May 2012

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Distressed RE `thunderous cloud' still there - RICS

Real estate professionals across 19 of 25 countries in a survey by the Royal Institution of Chartered Surveyors expect distressed properties on the market in 2Q10 to rise. Respondents in Ireland and the US expect the fastest growth, followed by Scandinavia, New Zealand and Hungary. "This is the thunderous cloud which overhangs the market despite some glimmers of light," said Oliver Gilmartin, RICS senior economist. (See upcoming PIE Editions for full story)

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