Risks in commercial property have fallen, RBNZ research finds
Authors say market is showing signs of a ‘robust’ recovery
Risks associated with commercial property in New Zealand have declined since the global financial crisis, according to research published by the central bank this week.
An article in the latest Reserve Bank of New Zealand (RBNZ) bulletin, Commercial property and financial stability, by Ashley Dunstan and Hayden Skilling, find less leverage is being used to fund new purchases and developments.
They acknowledge commercial property lending has been "the main reason for defaults during most
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