U.S. retail mall vacancies in the fourth quarter were flat from the third at 7.8 percent, indicating that the retail real estate market is finally showing signs of a correction, real estate research firm Reis Inc said in a report.
After a surge in sales from 2003 to 2011, “Montevideo’s market is in a recession,” because of a slowdown in the economy and higher property prices, Mr. García Arocena said. The number of transactions was down 10 percent in 2016 compared with a year earlier, and down almost 40 percent from 2014, he estimated.
The monthly FipeZap indicator, which covers 20 major Brazilian cities, edged up 0.13 % from November, university research center Fipe and online classified ad platform Zap said.
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