Covid-crippled property markets ring the alarm for banks

 Real estate sector is a victim of the virus, debt and technological change

The Bank for International Settlements, the central bankers’ bank, calculates that in the US, UK, continental Europe and Japan the Covid-19 shock has wiped out Reits’ cumulative valuation gains of the past five years. 

John Plender 21 August 2020

https://www.ft.com/content/aaf192ac-dc94-4509-8f24-5831a32e7aa2

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