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Commercial Property Losses Hammer Banks on Three Continents

·1 min

Big lenders to real-estate owners and developers are experiencing the impact of a downturn in office building use and falling valuations. This situation puts them on the front line. The decline in office building use and property values has resulted in challenges for lenders in the real estate sector. It is a significant development that highlights the effects of the current market conditions on financial institutions involved in the sector.