| Wearing a bodysuit with decorations Demi Rose rides a bicycle in the middle of the desert | | In a mini skirt and corset, Selena Gomez unleashes a furor in Paris | | Demi Rose wears a metallic top covering only the essentials | | In a mini bikini Clarissa Molina celebrates her birthday on a yacht | | Age does not stop these Latinas from playing soccer | | Tropical Storm Ophelia strengthens and threatens the US East Coast | | Olivia Rodrigo occupies number 1 on the Billboard 200 list with her new album “Guts” | | Romance rumors arise between Odell Beckham Jr. and Kim Kardashian | | Top photos of Jailyne Ojeda that heated up Instagram | | Californians can now buy Narcan in pharmacies | | Flying taxis in Ohio, the new plan launched by Governor Mike DeWine | | Florida's governor suspended a councilman for corruption | | Clarissa Molina premiered her look and shared it with a sensual photo in front of the mirror | | Nadia Ferreira publishes unpublished photos of her pregnancy with Marc Anthony on Instagram | | Athenea del Castillo reiterates her support for Jennifer Hermoso, but.. | | Wearing a red microbikini Demi Rose shows off her curves in the middle of the desert | | Artificial Intelligence is leaving Iowa's rivers without water: what is happening? | | Demi Rose top 10 Best photos of in last three Months | | Get to know Simon Cowell's ex-mansion that has just been sold for a million dollars in Beverly Hills | | After leaving the hospital, Kourtney Kardashian shows off her pregnant belly | | Does Belinda agree with Christian Nodal? She calls herself toxic | | Yanet Garcia poses in profile and with string lingerie, showing off her spectacular figure | | Tragedy in Libya exceeds 6,000 dead, morgues reach their limit | | Karol G: translucent looks and show drive Anuel AA crazy at the MTV Video Music Awards 2023 | | Shakira arrived in gold Versace and hand in hand with Milan and Sasha to the MTV VMAs 2023 | | Ariana Grande got fed up with Botox and ‘fillers’. She told everything for Vogue | | Unpublished Paloma Cuevas confirms that she is still with Luis Miguel on her networks | | The New York medical examiner has identified the remains of two victims of the 9/11 attack | | Maripily Rivera and the 5 hot bikinis with which she raised the temperature on networks | | Yailin La Mas Viral shows off in a micro bikini and bathed in oil | | Ball boy goes viral due to an incredible mistake |
Latest Photo News

The commercial real estate market could face a fall of up to 40%: why

Time to Read: 2 minute
The commercial real estate market could face a fall of up to 40 per cent why
The commercial real estate market could face a fall of up to 40 per cent why
Khushbu Kumari

Between April and December of this year, 35% of commercial mortgages will expire, an estimated $1.5 trillion in debt

Specialists consider that for this 2023, one of the biggest falls in the commercial real estate market is coming, which is expected to be similar to or greater than the financial crisis of 2008, therefore, the valuations of real estate they may fall as much as 40% this year.

These forecasts are based on the current fragility of the US economy. According to Fitch Ratings, it indicated in its report that between April and December of this year, 35% of the commercial mortgages of pooled securities mature, this represents $5.800 million dollars that can no longer be refinanced.

For Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, high interest rates are one of the first hurdles for investors to refinance trillions of dollars in looming debt. There is an estimated $1.5 trillion in commercial mortgage debt due by the end of 2025.

Shalett mentioned that “the MS & Co. forecast a CRE price drop from peak to trough of up to 40%, worse than in the Great Financial Crisis. More than 50% of the $2.9 trillion in commercial mortgages will need to be renegotiated in the next 24 months, when new interest rates are likely to rise 350 to 450 basis points,” she said.

Other drawbacks mentioned by specialists are the high costs of loans, the new modality of remote work and the stricter credit conditions, which has caused the largest increase in default in the market.

The analyst added that “commercial real estate, already facing headwinds from the shift to hybrid/remote work, has to refinance more than half of its mortgage debt in the next two years,” Shalett noted.

For her part, Treasury Department Secretary Janet Yellen warned that due to the country's recent banking and economic crises “there will be problems with commercial real estate,” she said while assuring that banks will be able to handle the inconveniences to come as they will be stronger.

Read full article

Related News

Recent News:

About | Terms of use | Privacy Policy | Cookie Policy