News Formal

Lorcan Allen: Investment property market at risk of €10bn write-down in value

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Office market is bearing the brunt of correction, with owners of older office blocks facing significant price adjustments

David Solomon, the chief executive of Goldman Sachs, made his views on the commercial property market very clear last week – significant adjustments are coming and they’re coming fast.

Speaking to CNBC, Solomon predicted that a wave of markdowns will soon begin to show up on the balance sheets of US banks, and there will be some “pain”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Public prefers investment in public services to tax cuts - and Fine Gael voters agreeLatest Irish Times opinion poll shows voters ready to adapt behaviour for climate change, and room to grow for the Greens
Source: IrishTimes - 🏆 3. / 98 Read more »

Michael Jordan to sell stake in NBA franchise to investment group including rapper J.ColeThe basketball icon is to cash in his majority share in the Charlotte Hornets.
Source: The42_ie - 🏆 5. / 86 Read more »