BIS central bankers’ speeches  1  However, the CRE market and consequently CRE prices – unlike most other European markets – have benefited from the economic conditions here. Foreign investors have stepped up their investment activity over the past two years. Leaving Germany and taking a global view again the question is, what is the state lenders and investors are in?
(slide) Obviously, falling prices have not failed to leave a mark on both. An enormous half of investors in EMEA and 75 percent in North America are in talks with banks on loan amendments and/or loan extensions.