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Distressed property - Listings are set to rise while investor interest wanes

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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