Sweden's heavily indebted commercial real estate owners are at risk of facing rising borrowing costs, as indicated by the country's financial watchdog. The turmoil in the Swedish commercial real estate market could have spill-over effects into neighboring Denmark, where heavily indebted landlords are selling property, according to the central bank in Copenhagen. M&G Real Estate forecasts an imminent increase in forced selling in global property markets as banks become more reluctant to refinance troubled assets at current interest rates. Additionally, Sweden's economy has entered a recession due to a contraction in household spending.
Swedish economy enters recession as consumer spending contracts https://t.co/OFaGQqrCv5 https://t.co/offpfv9L6R
Sweden’s economy falls into a recession as households cut back spending https://t.co/7iVAERBYhb
FORCED SALES AHEAD (Reuters) M(and)G Real Estate forecasts it is "a matter of time" before global property markets face greater volumes of forced selling, with banks increasingly reluctant to refinance troubled or lower quality assets at current interest rates. https://t.co/gE8WKJbDI3
Turmoil in the Swedish commercial real estate market could spill over into neighboring Denmark as heavily indebted landlords sell property, the central bank in Copenhagen says https://t.co/qnmE6wmn0h
Turmoil in the Swedish commercial real estate market could spill over into neighboring Denmark as heavily indebted landlords sell property, the central bank in Copenhagen says https://t.co/IVqzUuNBuh
Turmoil in the Swedish commercial real estate market could spill over into neighboring Denmark as heavily indebted landlords sell property, the central bank in Copenhagen says https://t.co/PuMzR1ojbl
Sweden’s heavily indebted commercial real estate owners remain vulnerable to rising borrowing costs, the country’s financial watchdog says https://t.co/ghOmT8Kybd