The creditworthiness and financial health of SMEs have deteriorated more sharply than those of large firms, and the protracted period of weak economic conditions has exacerbated the asymmetric information challenges of SMEs. The statistics currently available do not provide timely and high-frequency hard data on the balance sheet position of a representative set of SMEs for the euro area.
Hence, delivering on commercial construction projects over the next few years will be a challenge requiring careful management. Figure 4 Commercial property prices and the CP Annual percent change  Housing I’d now like to make some comments about New Zealand’s residential property market, which has experienced a strong cyclical upswing over the past three years.