Cracks in Europe’s Junk Property Debt Revive Fears of 2023 Pain

European real estate debt is starting to show the strain of higher interest rates, with a slump in riskier bonds and the rare cancellation of a new junk issue.

By Libby Cherry and Eleanor Duncan · Bloomberg Markets

European real estate debt is starting to show the strain of higher interest rates, with a slump in riskier bonds and the rare cancellation of a new junk issue.