Real estate industry experts are at loggerheads on which commercial property market they expect to bounce back first from the downturn first, after the global financial crisis shredded property values in most countries.
Global real estate investors – roused by prospects of snapping up bargain assets – were still wary of getting caught in a false rally and have been keenly watching for signs of a sustainable recovery.
The turmoil that was sparked by a collapse in risky U.S. home loans has devastated the banking system and pushed most major economies into recession, causing commercial real estate markets to suffer as values and occupancy rates fell.
More : reuters.com
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