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SocGen sees liquidity squeeze at Europe, UK property cos

Posted on 15 September 2011

European and UK real estate companies will see their funding costs increase as the risk of a fresh liquidity squeeze rises amid threats from the sovereign debt crisis and a weakening economy, Societe General said.
The brokerage downgraded the UK real estate sector to ‘underweight’ from ‘neutral,’ saying the rising risk of a fresh liquidity squeeze and shortage of credit is casting a shadow over property prices and new property development launches……………………………………….Full Article: Source


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