George Soros: Commercial property likely to drop 30%

03/27/2009 | Bloomberg

Commercial real estate in the U.S. will lose 30% of its present value, placing further burdens on the already stressed banking system, says billionaire investor George Soros. A few transactions have already started to indicate what is coming for commercial property values and "we know, they will drop," he said.

View Full Article in:

Bloomberg

Published in Brief: