2015考研英语阅读关于房地产的特别报道
<p> <span word="IN">IN</span> <span word="SOME">SOME</span> <span word="corners">corners</span> <span word="of">of</span> <span word="thecommercial">thecommercial</span>-<span word="property">property</span> <span word="market">market</span> <span word="a">a</span> <span word="slight">slight</span> <span word="whiff">whiff</span> <span word="of">of</span> <span word="self">self</span>-<span word="congratulation">congratulation</span> <span word="isin">isin</span> <span word="the">the</span> <span word="air">air</span>. <span word="Doom">Doom</span>-<span word="laden">laden</span> <span word="warnings">warnings</span> <span word="issued">issued</span> <span word="in">in</span> 2008 <span word="and">and</span> <span word="early">early</span> 2009 <span word="thatcommercial">thatcommercial</span> <span word="real">real</span> <span word="estate">estate</span> <span word="would">would</span> <span word="be">be</span> <span word="the">the</span> <span word="next">next</span> <span word="shoe">shoe</span> <span word="to">to</span> <span word="drop">drop</span> <span word="have">have</span> <span word="notcome">notcome</span> <span word="to">to</span> <span word="pass">pass</span>. <span word="Opportunistic">Opportunistic</span> <span word="investors">investors</span> <span word="hoping">hoping</span> <span word="to">to</span> <span word="cash">cash</span> <span word="in">in</span> <span word="on">on</span> <span word="the">the</span> <span word="sale">sale</span> <span word="ofdistressed">ofdistressed</span> <span word="assets">assets</span> <span word="have">have</span> <span word="been">been</span> <span word="largely">largely</span> <span word="disappointed">disappointed</span>. <span word="Governments">Governments</span> <span word="haveintervened">haveintervened</span> <span word="less">less</span> <span word="than">than</span> <span word="they">they</span> <span word="have">have</span> <span word="in">in</span> <span word="housing">housing</span> . <span word="Commercial">Commercial</span> <span word="real">real</span> <span word="estate">estate</span> <span word="wasnot">wasnot</span> <span word="at">at</span> <span word="the">the</span> <span word="heart">heart</span> <span word="of">of</span> <span word="the">the</span> <span word="crisis">crisis</span>, <span word="says">says</span> <span word="a">a</span> <span word="big">big</span> <span word="fund">fund</span> <span word="manager">manager</span> <span word="in">in</span> <span word="Germany">Germany</span>.</p><p> 在商业地产市场的某些角落里，空气中漂浮着一丝自得的气息。商业地产将会是下一只掉落的鞋子这条2008年和2009年初发出的警告并没有最终成为现实。那些希望靠出售问题资产赚钱的机会型投资者多半沮丧而归。政府对商业地产的干预比对住宅所做的干预要少。商业地产不是这次危机的中心， 德国一个大型基金的经理人这样说。</p><p> <span word="Investors">Investors</span> <span word="interest">interest</span> <span word="in">in</span> <span word="the">the</span> <span word="asset">asset</span> <span word="class">class</span> <span word="is">is</span> <span word="growing">growing</span>, <span word="thanks">thanks</span> <span word="in">in</span> <span word="large">large</span> <span word="partto">partto</span> <span word="the">the</span> <span word="extreme">extreme</span> <span word="macroeconomic">macroeconomic</span> <span word="environment">environment</span>. <span word="Near">Near</span>-<span word="zero">zero</span> <span word="interestrates">interestrates</span> <span word="make">make</span> <span word="the">the</span> <span word="yields">yields</span> <span word="on">on</span> <span word="offer">offer</span> <span word="from">from</span> <span word="property">property</span> <span word="look">look</span> <span word="attractive">attractive</span>. <span word="The">The</span> <span word="cashflow">cashflow</span> <span word="from">from</span> <span word="tenants">tenants</span> <span word="ismore">ismore</span> <span word="stable">stable</span> <span word="than">than</span> <span word="that">that</span> <span word="from">from</span> <span word="equities">equities</span>, <span word="where">where</span> <span word="values">values</span> <span word="zigzag">zigzag</span> <span word="day">day</span> <span word="by">by</span> <span word="day">day</span> <span word="and">and</span> <span word="dividends">dividends</span> <span word="cansuddenly">cansuddenly</span> <span word="be">be</span> <span word="suspended">suspended</span> <span word="by">by</span> <span word="the">the</span> <span word="management">management</span>. <span word="And">And</span> <span word="unlike">unlike</span> <span word="many">many</span> <span word="types">types</span> <span word="of">of</span> <span word="bonds">bonds</span>, <span word="property">property</span> <span word="isseen">isseen</span> <span word="as">as</span> <span word="a">a</span> <span word="useful">useful</span> <span word="hedge">hedge</span> <span word="against">against</span> <span word="inflation">inflation</span> <span word="because">because</span> <span word="rental">rental</span> <span word="agreements">agreements</span> <span word="can">can</span> <span word="be">be</span> <span word="renegotiated">renegotiated</span> <span word="withtenants">withtenants</span> <span word="to">to</span> <span word="reflect">reflect</span> <span word="rising">rising</span> <span word="prices">prices</span>. <span word="Bulls">Bulls</span> <span word="note">note</span> <span word="that">that</span> <span word="Norways">Norways</span> $543 <span word="billion">billion</span> <span word="state">state</span> <span word="pension">pension</span> <span word="fund">fund</span>, <span word="one">one</span> <span word="ofthe">ofthe</span> <span word="worlds">worlds</span> <span word="largest">largest</span> <span word="sovereign">sovereign</span>-<span word="wealth">wealth</span> <span word="funds">funds</span>, <span word="is">is</span> <span word="starting">starting</span> <span word="to">to</span> <span word="allocate">allocate</span> <span word="money">money</span> <span word="to">to</span> <span word="property">property</span>. <span word="It">It</span> <span word="madeits">madeits</span> <span word="first">first</span> <span word="real">real</span>-<span word="estate">estate</span> <span word="investment">investment</span> <span word="in">in</span> <span word="January">January</span>, <span word="spending">spending</span> ￡452<span word="m">m</span> <span word="on">on</span> <span word="properties">properties</span> <span word="in">in</span> <span word="LondonsRegent">LondonsRegent</span> <span word="Street">Street</span>.</p>
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