Commercial Property News Archive for 11-Aug-2008

Study shows global commercial property sales halved (Interactive Investor)

Fri 08 Aug, 2008 23:04

Global commercial property sales halved: study (Reuters via Yahoo! News)

World sales of major commercial properties fell 49 percent to $306 billion in the first six months of 2008 from the same period last year, as sales in developed countries were hit hard by the credit crisis and slowing economies, a report released on Friday said.

Australia's Commercial Property Prices May Slump 10% (Update1) (Bloomberg.com)

Aug. 7 (Bloomberg) -- Australian commercial real estate prices may slump 10 percent within a year as the economy cools and the global credit crunch dries up financing, said CB Richard Ellis Inc., the world's largest commercial real-estate broker.