Real Estate Set to Stay a Top Distressed Debt Problem in 2024
High interest rates along with housing and retail woes hit sector hard
Unfinished apartment buildings at the construction site of a China Evergrande Group development in Beijing, China, on Thursday, Jan. 6, 2022.
Photographer: Andrea Verdelli/BloombergWelcome to The Brink. It’s Giulia Morpurgo in London, Alice Huang in Hong Kong and Reshmi Basu in New York, where the finance world will again be focused on real estate distress. We also have an update on Vedanta’s restructuring and a look at the surprisingly cutthroat auction for Signa’s office castoffs. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @gmorpurgo.
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Investors worldwide are gearing up for more real estate distress in 2024.