Unfortunately, that “splendid” time is still to come, as is amply demonstrated by the present crisis, in which economists will manage “to get themselves thought of as humble, competent people, on a level with dentists” (Keynes, 1933 p. 373). References Bean, C. 2003. Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough?, BIS Working Papers No.
CRE financing is clearly a global business that accounts for a considerable part of banks’ assets. As highlighted before, the CRE market attracts multiple lenders with different backgrounds. And they have a multitude of finance tools in their hands. It is not surprising that CRE finance is rather complex and differs even more among countries compared to the residential equivalent.