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Property Values Fall Across US, Europe on Bite From Inflation

  • Hines CIO warns of impact of rising rates and prices
  • US office market hardest hit, Europe following US path
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Housing Coming Back Into Balance, JPMorgan's Feroli Says

The US and European real estate markets are experiencing a downwards shift in prices as buyers fall away, according to the global chief investment officer of Hines, one of the largest closely held real estate investors in the world.

Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he said. “This year is going to be choppy water.”