29.12.2008 - Europe's once-hot property goes cold

From WSJ: European commercial property is in free fall and there isn't any sign of a parachute. Capital values have plummeted, leaving funds facing high redemptions as investors clamor to withdraw their cash. Property companies risk breaching loan covenants. And rents, which have hitherto provided the consolation of a steady income stream, are starting to fall as well. There still is a way to go to the bottom..... Full Article: Source

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