Ire­land tops list for dis­tressed sales

Yorkshire Post - Property - - PROPERTY -

Ire­land and the US are set to see the biggest rise in dis­tressed sales, says RICS re­search.

Real es­tate pro­fes­sion­als ex­pect the num­ber of dis­tressed prop­er­ties com­ing on to the mar­ket in the sec­ond quar­ter of 2010 to in­crease across 19 of the 25 coun­tries sur­veyed.

Sur­vey­ors in Ire­land and the US ex­pect to see the fastest growth in ac­tiv­ity fol­lowed by Scan­di­navia, New Zealand and Hun­gary.

There is pos­i­tive news from Hong Kong, Aus­tralia, China and In­dia where agents ex­pect dis­tressed sales to de­cline.

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