Reported about 1 month ago
Global property markets, facing the impact of rising interest rates and an economic slowdown, find scant relief from recent rate cuts by central banks. Industry experts warn that the sector, which thrived during low rates, has not yet recovered from significant losses, with rising insolvencies and market instability expected to persist. While some see hope in lowering borrowing costs, many remain skeptical about a quick recovery amidst fears of looming debt maturities and a widening divide in property values.
Source: YAHOO