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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (204309)	2/9/2024 12:04:48 PM
From: Pogeu Mahone	1 Recommendation Recommended By maceng2 Read Replies (1) \| Respond to of 219688

China’s Property Crisis Is Starting to Ripple Across the World Overseas developments from Mayfair to Toronto hit the market Discount prices could force a reassessment of industry losses The 60 Curzon residential development in Mayfair where insolvency experts from Interpath Advisory have been appointed.Photographer: Jason Alden/Bloomberg Have a confidential tip for our reporters? Get in Touch Before it’s here, it’s on the Bloomberg Terminal LEARN MORE By Neil Callanan and Ainslie Chandler February 8, 2024 at 7:00 PM EST Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of offloading into a falling market. The prices they get will help finally put hard numbers on just how much trouble the wider industry is in. The worldwide slump triggered by borrowing-cost hikes has already wiped more than $1 trillion off office property values alone, Starwood Capital Group Chairman Barry Sternlicht said last week. But the total damage is still unknown because so few assets have been sold, leaving appraisers with little recent data to go on. Completed commercial property deals globally sank to the lowest level in a decade last year, with owners unwilling to sell buildings at steep discounts. bloomberg.com