Cracks in US commercial property markets are spreading. Over-leveraged and underused office buildings in New York and San Francisco are starting to trade hands at knockdown prices. Banks are being forced to mark down loans to realistic levels. Provisions and losses are growing. US regional banks are most exposed but lenders in Europe, particularly specialist German real estate banks, are also on the hook.
美国商业地产市场的裂痕正在蔓延。在纽约和旧金山，杠杆率过高和使用率过低的办公楼开始低价出售。银行被迫将贷款减计到现实水平。准备金和损失不断增加。美国地区性银行的风险敞口最大，但欧洲的贷款机构，尤其是德国的专业房地产银行，也在劫难逃。
您已阅读15%（524字），剩余85%（3040字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。