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The UK commercial property market is in the best position to recover compared with other key European sectors but the US is still on a downward spiral, according to reports from analysts.
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A foreclosure is the result of a homeowners default on mortgage. Most of the time, the homeowners are unable to maintain the premises and take on repairs.
Banks are increasingly becoming marketers of life insurance as the concept of bancassurance gains ground in the US even bancassurance has enjoyed considerable success in Europe, but this concept is relatively new for Asian countries like India, having emerged only in 2002. Bancassurance refers to the phenomenon where in banks offer a wide range of financial services. Regulatory considerations, as well as socio-cultural and demographic factors could explain some of these variations.
UK commercial property prices rose 0.2% in July, their first positive reading since the market peaked in June 2007, data from CB Richard Ellis, showed today.
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