Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Upward price trends in the UK realty market led to increased sales of troubled commercial assets by creditors and banks, as sellers considered the price increase trend to be short-lived. About 64 deals worth $2.72 billion (GBP1.71 billion) have been finalized in 2010 compared to $3.04 billion (GBP1.91 billion) worth deals in the whole of last year.

Bank sales accounted for 13% of all property deals in 2010. Last year, it was only 7.5% of all transactions. For the full story, go to the Wall Street Journal.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.