Skip to comments.Spanish and Italian commercial real estate markets meltdown
Posted on 08/14/2012 6:07:38 AM PDT by TigerLikesRooster
August 13, 2012
Spanish and Italian commercial real estate markets meltdown
My jaw dropped when I read this Financial Times report on the commercial real estate markets in Spain and Italy:
The Spanish and Italian commercial property markets have all but collapsed with the number of transactions in both countries falling more than 90 per cent in the three months to July as investors worry about the future of the eurozone.
Only three property transactions were registered in Spain during the second quarter, down from 58 deals in the previous quarter. In Italy the slide was even more pronounced, with just two buildings being traded during the period, down from 56, according to data from Real Capital Analytics.
(Excerpt) Read more at americanthinker.com ...
wow, on the brink! the world on the verge of global governance to save the day!
Don’t sweat it, they’re all backed by Credit Default Swaps.
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