Tag: Real estate crisis
Crisis in real estate sector overshadows recovery in China’s industry
Beijing Bad news from China’s struggling real estate industry overshadowed the surprisingly positive economic data on Friday. Despite government attempts to provide support, real estate prices continued to fall in…
The opaque superpower – How China is concealing its crisis
Weaving factory in Hangzhou China’s economic weakness is weighing on the global economy. (Photo: dpa) Beijing When China releases new economic data on Friday, companies and markets will view them…
New warning signals from the European real estate market
Construction site in Stockholm The Swedish real estate market is coming under pressure. (Photo: Bloomberg/Getty Images) Frankfurt/Stockholm Anyone who asks supervisors and bankers these days about the biggest risks to…
Verius Capital: Real estate fund worth billions under pressure
New buildings in Berlin When granting real estate loans, banks became more and more cautious. Real estate funds have closed this gap. (Photo: IMAGO/Schöning) Zurich, Frankfurt Investors received the bad…
Mortgage financing: Savings banks expect continued weakness
Frankfurt The German savings banks are concerned that the important real estate financing business will run significantly worse in the long run. Due to the sharp rise in interest rates,…
Concern about the economy is growing
Beijing China’s central bank cut key interest rates for the second time in eight days. With the rate hikes, the People’s Bank of China (PBoC) wants to support the ailing…
Real estate buyers are on strike, politicians are alarmed
Mortgage strike worsens real estate crisis More and more homebuyers in China are refusing to pay their mortgages until their homes are completed. (Photo: Bloomberg) Beijing The real estate buyer’s…
Deadline for $2 billion bond ends Friday
Unfinished Evergrande houses Beijing For the heavily indebted Chinese real estate group Evergrande, a crucial deadline ends on Friday: the 30-day grace period for the repayment of an offshore bond…
How big are the problems for China’s economy?
The headquarters of the Chinese real estate developer Evergrande in Shenzen In its latest stability report, the US Federal Reserve warns of the risk of contagion for the global financial…
New deadline for Evergrande ends Wednesday
Kaisa headquarters in Beijing The Chinese real estate developer is wavering – and is fueling fears of a major real estate crisis. (Photo: Reuters) Frankfurt, Beijing, Düsseldorf In China, after…
Evergrande is averting default for the time being – but the next deadline is already getting closer
Evergrande Group’s main building in Shenzhen The heavily indebted Chinese real estate developer Evergrande is threatened with insolvency. (Photo: Reuters) Dusseldorf The heavily indebted Chinese real estate developer Evergrande averted…