Get notifications in real-time for staying up to date with content that matters to you.
Commercial property values in the United States dropped in August as job losses cut demand for office space.
According to figures from Moody’s / REAL Commercial Property Price Indices, prices fell 3 per cent from July to August, bringing the market’s decline to 41 per cent since its peak in October 2007.
Moreover, property price values are forecast to fall an additional 17 per cent though the fourth quarter of next year due to rising vacancy rates and the risk of forced sales, according to a report by Goldman Sachs Group.
Office vacancies are currently sitting at a five year high of 16.5 per cent.
The co-founder and CEO of new mortgage lender WLTH has revealed i...
The ACCC has revealed examples of the types of business loans tha...
The time it takes from loan submission to approval surpassed 25 d...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you expect mortgage applications to increase or decrease over Summer?
