$2.2T of US CRE At Risk of Default

About $2.2 trillion of U.S. commercial properties bought or refinanced since 2004 are now worth less than the original price, raising the threat of more foreclosures, Real Capital Analytics said.

Prices have fallen so far that about $1.3 trillion of properties have either lost their owners’ down payment or are close to it, Robert White, president of the New York-based research firm, said in a report. The analysis includes only office, industrial, multifamily and retail properties. Hotels and raw land would “add billions more to the total,” he wrote.

[via Bloomberg]

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Dom Kiev August 10, 2009

Such reports are affecting the sales scenario, commercial, office real estate of such countries as Ukraine and Europe in general. Since the crisis began with U.S. mortgages, all the views sent to your analysis and reports. All that is happening in America indirectly repeated here, but at a later date. At this time, almost all of Europe prices fell. Very interesting to see what will be in September on your real estate market. Thank you for your post, very informative.

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