ECB study highlights firms’ exposure to property downturn
Analysis examines risks to various classes of investor from exposure to commercial real estate
Investors with significant exposure to commercial real estate are especially vulnerable to a downturn in the sector, analysts from the European Central Bank have said.
In an article published on November 5, Pierce Daly, Ellen Ryan and Oscar Schwartz Blicke put the total value of the eurozone’s physical commercial real estate market at €2.7 trillion ($2.9 trillion).
Real estate companies (RECs) own the largest share of this at €1.1 trillion, followed by real estate investment funds (REIFs) at €526
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