Real estate survey 2010: The dragon and the stagnant pond

With some $1.4 trillion of commercial real estate loan maturities looming over the next four years and traditional funding markets still in intensive care, CRE recovery is entering a critical phase in the US and Europe. However, cash-rich domestic buyers are already driving regional growth in Asia and are cherry-picking top assets in the west. Joti Mangat reports.

Real estate: The dragon and the stagnant pond
Awaiting resurrection: CMBS
It’s all about Asia
Real estate survey 2010: Full results
Real estate survey 2010: Methodology


THE CHASM THAT separates the real estate industry’s immediate funding need from the banking sector’s appetite to finance it will haunt commercial real estate markets in the US and European markets for years. Although refinancing is available, deleveraging and conservative underwriting criteria have reduced the amount of senior debt in the system.

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