|
US bracing for commercial property writedowns
AM - US bracing for commercial property writedowns 11/11/2009
Quote:
|
There are predictions of a bloodbath in US commercial property values amid warnings of another shock for the world's biggest economy. Access Economics warns that although Australian commercial investors have been quarantined to date, there will be pressure in 2010 as loans are renegotiated with American banks.
|
__________________
Sim'
This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
|
