European Commercial Market Down But Opportunity Remains
September 21, 2007
The US subprime mortgage crisis, softening demand for housing, and more attractive prices for US REITs didn’t take long to affect REITs in Europe. The Wall Street Journal reports that European commercial real estate share prices dropped by 11% in the second quarter.
During this time the cost of credit swaps increased 63 basis points to 6.1% [...]