RCA in the commercial property press:

Asia not immune to impact of global recession

India Infoline reports: Industry experts expect Asia’s day of reckoning is just around the corner, and anticipate falling asset prices, rising cap rates/yields, deteriorating debt markets, increasing foreclosures and bankruptcies, and plummeting transaction volumes as the financial crisis travels the globe, according to the Emerging Trends in Real Estate Asia Pacific 2009 report, released by the Urban Land Institute (ULI) and PricewaterhouseCoopers LLP. Asian property sales plunged 68 percent in the third quarter of 2008 compared with 18 percent year over year through August, according to Real Capital Analytics.