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‘The Greatest Real Estate Crisis’ Since Lehman: How Bad Is Germany’s CRE Problem?
The German economy doesn't need any more problems.
The engine of European growth is stuck in neutral. Germany's mired in a multi-quarter "slow-cession" (to use an apt characterization from ING) and as the Ifo despaired last month, there's no perceptible light at tunnel's end.
If the Germany economy shrinks this year, it'd mark the first two-year recession in decades. Suffice to say the list of challenges is long and the weight of the war's heavy. It doesn't help that the Chinese economy, a key
Also note Swedish CRE woes.
Back to the US CRE issue, about $0.5 trillion (so far) of PE money ready to buy distressed assets vs about $2.2TR of CRE mortgages maturing N3Y.
https://www.wsj.com/real-estate/cash-flush-buyers-dip-into-distressed-commercial-real-estate-13724a94