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
- Russia's Putin hosts Myanmar leader, talks up energy projects
- US judge allows Trump to end thousands of Ethiopians' deportation protections
- US lifts security restrictions on ships from Nigeria after 12 years
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!
