The Real Deal Miami

Worldwide commercial transactions continue to grow, but so do properties in distress

August 24, 2009 04:57PM

Building sales around the world increased in the second quarter to $62.8 billion, a 17 percent increase from the first quarter of this year, according to Real Capital Analytics’ mid-year global capital trends report. The jump marked the first increase in five quarters. But sales remained far below the past two years, at $116.6 billion in the first half of 2009, a 65 percent drop from the same period in 2008. Transactions in the third quarter are expected to continue rising. But the number of distressed properties around the globe also continues to grow, with a total of $233 billion worth of real estate now in distress worldwide. TRD