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LONDON-Growth in global distressed property listings eased in more than 85% of countries surveyed in a report by the Royal Institution of Chartered Surveyors.

In the second quarter, 13 of the 25 countries surveyed reported an increase in distressed sales, an improvement on the 17 countries reporting in the first quarter. The largest growth was reported in Portugal, followed by the US and Republic of Ireland. However, the pace of increase moderated across the majority of markets with only three countries – Portugal, Spain and Germany – reporting that distress in the market is increasing at a faster pace than last quarter.

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