News

France’s election result prompts concerns around real estate recovery

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.

low angle photography of high rise building

Is France the second sick man of Europe ?

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.