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Hertford letting agent and Chartered Surveyors Knight Property Management has said that the supply of
available distressed property in Q1 2011 is expected to increase, according to the RICS Global
Distressed Property Monitor Q4 2010.
The survey for Q4
suggests a small fall in the level of specialist funds interest in
distressed property, down from 21 countries in Q3 to 18 in Q4 2010,
and a rise in distressed properties coming to market.
This trend looks set to
continue into Q1 2011, with property professionals in 64 percent of
countries covered reporting an expected increase in distressed
property coming to market in the coming 3 months.
Availability of
distressed property
In Q4 2010, agents in
15 countries reported a rise in levels of distressed property as
compared to 13 in Q3; Australia and Germany saw the most notable
up-ticks. Looking ahead to Q1 2011, distressed property listings are
expected to rise at a faster pace in 40 percent of the countries
covered.
Agents in the Republic
of Ireland, Hungry, the UK and Germany expect the biggest increases
in distressed listings, while agents in Australia and Portugal are
also expecting higher levels of activity. Agents in Russia and
Brazil, however, expect to continue to see declines.
Levels of investor
interest
In Q4 2010, the Ukraine
experienced the most dramatic fall in the pace of investor interest,
while interest rose in the Republic of Ireland, UAE and Spain. France
saw the largest rise in investor interest overall, however, with net
balance percents moving from 0 in Q3 2010, to +25 for this quarter.
View
RICS Global Distressed Property Monitor Q4 2010
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