06/18/2009 | By Allen Kenney
By Allen Kenney
Estimated commercial real estate transaction volume for the second quarter indicate the global slowdown in buying and selling of commercial property could be coming to an end, according to Real Capital Analytics (RCA).
After an extended run of steep quarter-to-quarter drops in transactions, RCA said in its June report on global capital trends that worldwide property sales between the first and second quarters of 2009 could fall by as little as 5 percent. However, RCA noted that "there is no recovery in sight."
RCA projected that transactions would fall almost 70 percent in 2009's second quarter from the year-earlier period.
RCA also found high growth in the number of distressed assets in regions all around the world.