Relevant:
- Spanish Banks Start to Unload Property Portfolios
- Germans freeze £21bn property funds
- China stock crash: Investors flock to sell properties, cancel contracts
- Property Developer: The ECB Is The Only Thing Stopping Spain From Becoming The Next Dubai
- Ireland Seeks to Entice Homebuyers Deterred by Market's Collapse
2010-01-04 — wsj.com
``... now banks are facing new demands for liquidity that will force them to sell more property. They are drawing up sales strategies, creating real-estate management divisions and offering discounts in an effort to lure buyers.''
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