Commercial Property News Archive for 05-Nov-2007

Weaker property prices fuel derivatives (Financial Times)

The volumes of derivatives based on property have more than doubled in the past year as more banks, investors and companies seek to bet on the asset class and to hedge against a fall in valuations.

AERODRY starts program (Jefferson City News Tribune)

AERODRY is introducing a program, ?Got A Leak,? designed to enhance the service experience associated with plumbing repairs and the follow-up cleaning and drying services for residential and commercial property owners.

Advertisement starts (Tiscali)

The data broadly matched an earlier monthly report from global property services firm CB Richard Ellis, which showed commercial property values growing at around one third of the rate seen in June 2006.

IRETO Chairman Bryan Shaffer Warns of Commercial Property Declines and Possible Recession (PRWeb via Yahoo! News)

The credit crunch and possible recession will most likely lead to a decline of property values by around 15% to 20% in the US commercial real estate market, Real Estate expert Bryan Shaffer explained at a New York Real Estate Conference. He believes that "the downturn will last 2-3 years, after which within 10 years property values will be substantially higher than today's value."

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