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Creditors pick up property sales

With real-estate prices well off their lows, banks decide it's time to get out; expect 'a flow, not a flood' of deals

UK banks and other creditors are speeding up distressed sales of commercial-property assets partly because they are concerned the recent increase in prices may be leveling off.

But buyers shouldn't expect cheap property to flood the market and reduce prices. While banks will accelerate property sales, they will continue to sell assets in an orderly manner to protect prices in a recovering market, observers said.

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