Europe’s Banks Offer Record $80 Billion of Property Loans
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European banks and asset managers are seeking to sell 74 billion euros ($80 billion) of real estate debt and foreclosed assets, the most ever, as they trim their soured loan books.
Vendors sold 23.5 billion euros of property loans in the first half, 42 percent less than a year earlier, New York-based broker Cushman & Wakefield said in a report on Monday.