The Real Deal Miami

International briefs: Recovery in Asia, Italian developer falls

December 14, 2009 11:53AM

From the New York December issue: Real estate markets in Asia are rebounding so quickly from the global downturn that several governments have signaled that they may step in to cool rising prices. Meanwhile, Milan bankruptcy court last month approved the 500 million euro debt restructuring plan of Italian real estate development group Risanamento SpA, arguably one of the worst victims of the Italian real estate collapse, and Australian residential brokers reported that foreign investors were making up an increasingly large chunk of their clientele. Compiled by Amy Tennery