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Europe’s Distressed Property Supply Rising Fast

LONDON-Countries most likely to be affected are Ireland, Hungary, Germany and UK, says the Royal Institution of Chartered Surveyors.

By Allan Saunderson | Updated on April 07, 2011

LONDON-The supply of distressed property onto the market is likely to rise more quickly in Europe than in any other world region in first quarter – notably in Ireland, Hungary, Germany and UK, says the Royal Institution of Chartered Surveyors.

“The prospect of more distressed properties in real estate markets that are still under severe pressure will inevitably compound the squeeze on pricing,” said RICS Chief Economist Simon Rubinsohn in a recent report.

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