ECB's Buch warns again about commercial property
Tweet
Share
E-mail
A crane is pictured at construction site near residential apartment buildings in the Ile de la Cite, in Paris, France, March 7, 2024. REUTERS/Gonzalo Fuentes/File Photo
FRANKFURT (Reuters) - The commercial real estate sector is "particularly vulnerable" to the recent rise in interest rates, resulting in more loans going unpaid, European Central Bank supervisor Claudia Buch said on Tuesday.
"One sector which is particularly vulnerable to higher interest rates is commercial real estate," Buch said in a speech. "A little less than 4% of these loans were classified as non-performing – above the average...for loans overall."
(Reporting By Francesco Canepa; Editing by Alexandra Hudson)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Soccer-World Cup fans left flustered by last-minute StubHub ticket cancellations
- GameStop pledges to pursue its takeover offer for eBay despite rejection
- US rights advocates welcome 'Alligator Alcatraz' closure, say systemic worries remain
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
