Moody’s/REAL Commercial Property Price Index (CPPI) reported a 1.0% increase in month over month property prices for the month of November 2009. This is the index’s first month-over-month increase since the financial crisis began in September 2008.
From an annualized perspective, the CPPI is down 33.5% over the last 12 months and 43.1% over the last 24 months, now resting at levels not seen since 2002.
November’s transaction volume was tepid at best, with 362 transactions totaling $4.1 billion in value. This number is down roughly 25% from November 2008′s sales volume.
To read the entire report visit REAL’s Website.
[...] Moody’s/REAL Commercial Property Price Index is down by more than 43% over the last 24 months, BPG was able to exit this property without [...]
[...] follows Moodys/REAL Commercial Property Price Index observing the first price increase since the financial crisis began in September of 2008. “Our latest results relate [...]