Commercial-Property Recovery Slowed in March, Moody’s Says
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U.S. commercial-property price gains slowed in the past three months as concern over Europe’s debt crisis reduced the availability of financing for real estate transactions, Moody’s Investors Service said.
The Moody’s/RCA national all-property composite index was little changed in March from February and up 12 percent from a year earlier, Moody’s said in a report today. Price advances have slowed, with the measure gaining 1.8 percent from the end of 2011.