Real Estate Capital Advisory
Rating agencies have flagged concerns about the outlook for one of Europe's largest economies with Moody's issuing a note on 8 july saying political gridlock that could characterise a governing coalition will complicate the country's attempts to tackle its debt burden, which widened to 5.5 percent of economic output in 2023.
Despite the lower-than-expected performances from French lenders, the issue is not banks’ balance sheets. Globally, lenders and borrowers are losing sleep over the most troubled assets – offices, and France is no different.
Despite the omerta surrounding distressed asset sales in the real estate sector,rumours are circulating that they could accelerate in 2024 due to a number of factors.
