Hypo rescue may have averted collapse, but damage is done
Real Estate Investment SmartBrief | 10/08/2008
Germany's recent rescue of
Hypo Real Estate Holding may have averted its collapse, but
the damage to the financing market in Europe has likely been done.
Commercial property investors and developers were having difficulty
securing financing before Hypo's near collapse. Now, financing is nearly
impossible to obtain. Analysts say that investors believe Hypo will
eventually collapse despite the rescue.
Wall Street Journal, The (subscription required) (10/08) |
