Commercial Property
Commercial property buyers waiting on the sidelines after borrowing costs jump
The last of the commercial property deals should be closing in December, but debt-backed buyers are holding off as more interest rates are forecast for 2023
December is typically the time of year when there is a race for the finish line to get the last few commercial property deals closed before year-end. However, this year feels a little different.
Three ECB interest rate increases since July of this year have driven rates up to a level not experienced since 2009; the cumulative impact of the increases have led to a 2 per cent increase in the cost of debt and ...
