The European commercial real estate sector is under pressure as rising borrowing costs make it harder to refinance existing loans. Market participants are increasingly forced to renegotiate ongoing transactions, which can lead to discounts of up to 10 percent, while turnover fell to a three-year low in the third quarter, Reuters reported.
The European commercial real estate sector is under pressure as rising borrowing costs make it harder to refinance existing loans. Market participants are increasingly forced to renegotiate ongoing transactions, which can lead to discounts of up to 10 percent, while turnover fell to a three-year low in the third quarter, Reuters reported.