01.09.2010 - Europe: Widening real estate's capital-raising base
From Propertyeu.info: One very important lesson to emerge from the recent financial crises has been the need to reduce the over-reliance of the European property sector on bank lending as a primary mechanism for capital-raising. This situation has created significant problems for the banking sector in a number of European countries. In Ireland, for example, it has led to the full nationalisation of one bank and the creation of a special-purpose agency to deal with problems of distressed real estate assets, Éamonn D'Arcy writes in the September edition of Property EU Magazine..............................................Full Article: Source
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