The world’s largest alternative asset manager looks a little strapped for cash. Blackstone made headlines over the past few years for its real estate shopping spree. Deploying what seemed like unlimited capital, it bought everything in sight. Heck, they probably even outbid you for grandma’s home. That’s come to an abrupt end, as it defaults […]
Most of Europe’s real estate is overvalued, but London pushes a new extreme, says a global ratings giant. S&P Global Ratings released their annual valuation of European real estate this week. The report shows most of the continent’s housing markets are looking a little pricey. They primarily focused on the national level, but one city […]
Global real estate prices have uncharacteristically surged during the recession. It didn’t come without consequence, warned the International Monetary Fund (IMF), this week. The agency’s regular Financial Stability Report said global home prices are now stretched. Stimulus policies backstopped the market, creating moral hazards. Buyers now have a “can’t lose” feeling, pushing them to pay […]
