Greek Banks Set for First Payouts Since 2008 on ECB Approval
The European Central Bank will allow Greek banks to make their first shareholder payouts in over a decade as the country emerges from a painful post-crisis restructuring.
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The European Central Bank will allow Greek banks to make their first shareholder payouts in over a decade as the country emerges from a painful post-crisis restructuring.
Embattled German landlord Adler Group SA has asked its bondholders for permission to sell an unfinished apartment development at a 47% discount to its 2022 valuation, as the company races to repay its vast debt load.
China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans creep up.
Two years ago, Dubai became a hot favorite with Russians looking to park money or build new lives after President Vladimir Putin’s invasion of Ukraine. That allure is now dimming as the cost of living in the glitzy emirate surges and its banks get stricter in enforcing US sanctions.
The Bank of Korea warned Thursday that a further slump in the real estate sector would undermine broader economic activity, as it pointed to worsening delinquencies among developers in the latest signal of continuing woes in the credit market.
Oct 14, 2021
Bloomberg News
,(Bloomberg) -- Buyers returned to the U.K. housing market last month and found that homes were in increasingly short supply, according to a survey by the Royal Institution of Chartered Surveyors.
The findings suggest the property market remains solidly underpinned even after a tax break on purchases finished. House prices are expected to keep rising in the coming year, RICS said.
“The imbalance between demand and supply remains the most striking theme, and feedback from members provides little reason to believe this issue will be resolved anytime soon,” said Simon Rubinsohn, chief economist at RICS. Rising values risk putting “greater pressure on affordability at a time when money markets are sensing interest-rate increases coming.”
RICS said demand for housing picked up after a summer lull. That followed the tapering of a 15,000-pound ($20,000) stamp duty holiday that contributed to a property boom during the pandemic.
The tax break ended altogether on Sept. 30, but agents say the market is being supported by factors including low borrowing costs and demand for houses away from urban centers with enough space to work from home.
September saw a further decline in new listings, RICS said. In another indication of constrained supply, agents carried out fewer appraisals than they did 12 months earlier.
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