FSB warns of liquidity stress in CRE markets
Opaque valuation and high leverage among vulnerabilities in $12 trillion property sector
Liquidity mismatches, high leverage and opaque valuations are three key vulnerabilities in the commercial property sector, the Financial Stability Board (FSB) has said.
In a report, published on June 19, it notes that equity and debt financing in global commercial real estate (CRE) markets now totals at least $12 trillion, based on data collected by FSB member jurisdictions. It adds that although banks still dominate the sector in most places, some jurisdictions have a sizeable share of
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