Frankfurt property market in freefall

Frankfurt property market in freefall
BY EDWARD HARRISON / ON 26 AUGUST 2008 AT 13:00 /

As far back as May, I had warned that commercial property was destined for a bust — collateral damage in the real economy. In particular, I mentioned the U.S. commercial real estate (CRE) market as a particular problem for local and regional banks, which have large exposure to the CRE market. In May, I also mentioned incipient declines in the London commercial property market.

http://www.creditwritedowns.com/2008/08/frankfurt-property-market-in-freefall.html