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Vrensen: Increased refinancing risk after 2008 |
The BEC Prop Index is an indicator that measures the impact of property fundamentals on European CMBS, by considering the outlook for and exposure to each property type across the main European countries.
Our updated BEC Prop Index for April 2007 comes out lower than our original index from November 2006. However, based on our sub-indices, we expect continued (and improved) rental income growth until 2011, but negative (and worsening) capital value growth after 2008.
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