Tag: real estate crisis
Real estate: Frankfurt is building new high-rise buildings despite the crisis
The Main metropolis wants to expand its skyline. 14 new skyscrapers are to be added. Meanwhile, some of the older towers are empty. Is the city getting ahead of itself…
IMF: Real estate crisis continues to weigh on China’s economy
As of: February 2, 2024 12:38 p.m China’s economy is characterized by an ongoing real estate crisis and subdued external demand. The IMF expects lower growth in 2024 compared to…
Crisis on the real estate market: “A drama in slow motion”
As of: November 16, 2023 12:40 p.m Several hundred thousand apartments are missing in Germany. Experts warn: The market is in a downward spiral that will last for years. This…
China’s real estate group Country Garden warns of default
Status: 08/31/2023 10:19 am The Chinese real estate group Country Garden has warned of a default on bonds in view of losses in the billions. Concerns about China’s economy are…
Evergrande applies for bankruptcy protection in the US
Status: 08/18/2023 09:29 am In order to protect itself from claims by creditors, Evergrande has filed for bankruptcy protection in the USA. The Chinese real estate group is considered the…
Evergrande applies for bankruptcy protection in the US
Status: 08/18/2023 09:29 am In order to protect itself from claims by creditors, Evergrande has filed for bankruptcy protection in the USA. The Chinese real estate group is considered the…
Real estate crisis in China threatens to reach financial sector
Status: 08/16/2023 3:59 p.m The real estate crisis in China is apparently spreading to the financial sector. A leading provider of trust funds, which real estate developers have relied on…