More and more countries report an increase in distressed property sales in their commercial markets. Numbers have steadily gone up between April and June this year and chances are they will continue to do so well into the next.
Posts Tagged ‘Commercial Property’
Commercial Property Distress Sales On Global Increase
by OP-Mall on Wednesday, August 26th, 2009 in Commercial Property, Property Industry News
UK’s Largest Shopping Mall Opens in London Amidst Recession
by OP-Mall on Friday, October 31st, 2008 in Commercial Property, London Property
London was yesterday, the official home of Britain’s largest shopping mall with the launch of the $2.8 billion Westfield London Shopping Centre in Shepherd’s Bush (White City), a massive 265-store, glass-roofed shopping center. The centre’s owners; Westfield and Commerzbank AG are confident that the looming British recession; the worst since 1991 will not negatively affect the potential profits of the centre’s future.
Four Off-Plan Property Developments in Downtown Jebel Ali Worth Checking Out
by OP-Mall on Friday, September 19th, 2008 in Dubai Property, International Properties for Sale | Real Estate Listings, Jebel Ali

Following our Jebel Ali property market overview post, we have hand-picked these four off-plan property developments in Downtown Jebel Ali, Dubai. The first two are residential, followed by two commercial/office space developments.
Shanghai: Housing Cooling, Commercial Property Booming
by Overseas Property Mall on Thursday, September 4th, 2008 in China Property, Shanghai Property
The fourth quarter of 2007 saw the end of Beijing and Shanghai’s housing boom. As transaction volumes plummeted by as much as 25 and 40 percent from July to August 2008 and by 67 and 70 percent year on year in Beijing and Shanghai respectively, developers’ are having to offer buyers’ massive discounts to boost sales of new units. According to CCTV, last month’s (August), average daily turnover in Beijing was a meagre 150 units which in Beijing standards is a new all time low.
Secondhand properties are also not doing well with a year-on-year decline of 10-15 percent in August, sellers have having to make price cuts by as much as 5 percent.
The situation at the moment is that it is a buyers’ market in housing in 1st tier Chinese cities with more and more potential buyers waiting to see if there would be further price drops to pick up properties at bargain prices.



