Global commercial property sales plummet 57% in eight months
Emirates Business 24-7 reports: Sales of commercial properties worldwide plunged 57 percent to $388 billion (Dh1.42 trillion) through August compared to $902 billion in the same period last year, according to a report.
"The trends hold true across all property types with office and hotel properties experiencing the greatest contraction in sales so far this year. Transactions involving land and development rights have fallen the least on a year-to-date basis, but have taken the steepest tumble in recent months," Real Capital Analytics said in a report on global capital trends.
View the full article on Emirates Business 24-7: Global commercial property sales plummet 57% in eight months
Posted by: Nina Turner