Even as the economy struggles to regain its footing in the post-recessionary environment, the state of the commercial real estate industry remains questionable. Many experts estimate that a meaningful recovery isn’t likely to happen in the sector until 2011 at the earliest. Though the recession may have officially ended in the summer of 2009, improvement in the real estate market typically lags the general economy by 12 to 18 months.
More on Commercial Real Estate: Why a Rising Tide Won’t Lift All Boats
Or 9% !!!!!!!!!!!!!! or 30%!!!!!!!!!!
More bad news from Dubai. According the the Financial Times, Property prices in Dubai only jumped 7 percent in one quarter as “demand revived” and “lending conditions eased.” Quite who is expected to believe this sort of nonsense is beyond me.
