\nDeja afecta\u0163i puternic de cre\u015fterea costurilor de finan\u0163are \u015fi sc\u0103derea valoriz\u0103rilor, proprietarii europeni se preg\u0103tesc pentru un nou val de suferin\u0163\u0103.<\/p>\n
\nCompaniile din sectorul imo\u00adbiliar au obliga\u0163iuni de aproximativ 165 miliarde de dolari ce ajung la maturitate p\u00e2n\u0103 \u00een 2026, \u00een timp ce b\u0103ncile \u00ee\u015fi reduc expunerea la indus\u00adtrie, iar costurile de credit se situeaz\u0103 la cel mai ridicat nivel de la criza financiar\u0103, scrie Bloomberg, citat de ZF.<\/p>\n
\n\u00cen acest context, unele firme risc\u0103 s\u0103 fie retrogradate la statutul junk, pentru acestea costurile de finan\u0163are urm\u00e2nd s\u0103 creasc\u0103 \u015fi mai mult.<\/p>\n
\nPrintre probleme se num\u0103r\u0103 o pr\u0103bu\u015fire a valorilor birourilor din Lon\u00addra p\u00e2n\u0103 \u00een Berlin, sectorul pro\u00adpriet\u0103\u0163ii devenind astfel cel mai pu\u0163in popular \u00een r\u00e2ndul managerilor de fonduri pentru a treia lun\u0103 consecu\u00adtiv, relev\u0103 un sondaj realizat de Bank of America Corp.<\/p>\n
\nCople\u015fi\u0163i de datorii, mul\u0163i pro\u00adprie\u00adtari vor fi nevoi\u0163i s\u0103 recurg\u0103 la v\u00e2n\u00adz\u0103ri de active, reduceri de divi\u00adden\u00adde \u015fi emisiuni de drepturi \u00een \u00eencercarea de a pozi\u0163iona firmele pentru un viitor mai turbulent.<\/p>\n
\nPie\u0163ele imobiliare sunt aproape \u00eenghe\u0163ate, \u00een condi\u0163iile \u00een care cum\u00adp\u0103r\u0103rorii cer randamente mai mari pentru a compensa riscul cre\u015fterii dob\u00e2nzilor \u015fi plec\u0103rii chiria\u015filor.<\/p>\n
\nSitua\u0163ia s-ar putea agrava, cu va\u00adlorile segmentului imobiliar comer\u00adcial put\u00e2nd sc\u0103dea cu p\u00e2n\u0103 la 40%, avertizeaz\u0103 Aaron Guy, analist \u00een cadrul Citigroup.<\/p>\n
\nNesiguran\u0163a \u00eei face pe managerii de active precau\u0163i.<\/p>\n
\n\u201eSt\u0103m departe de sector\u201c, arat\u0103 Lucas Maruri, fund manager la MAPFRE Asset Management. \u201eEs\u00adti\u00adm\u0103m c\u0103 exist\u0103 \u00een continuare riscuri care vor sta \u00een calea unei perfor\u00adman\u0163e solide a ac\u0163iunilor companiilor imobiliare \u015fi dezvoltatorilor europeni \u00een lunile urm\u0103toare\u201c.<\/p>\n
\n\u00cen cadrul unui raport recent pri\u00advitor la impactul scumpirii creditului asupra stabilit\u0103\u0163ii pie\u0163elor, Banca Central\u0103 European\u0103 subliniaz\u0103 de asemenea riscurile cu care se con\u00adfrunt\u0103 sectorul imobiliar european.<\/p>\n
\nPre\u0163urile locuin\u0163elor s-au tem\u00adpe\u00adrat considerabil \u00eentr-o perioad\u0103 rela\u00adtiv scurt\u0103 de timp \u015fi ar putea sc\u0103dea \u00een continuare puternic \u00een cazul \u00een care scumpirea creditelor ipotecare va continua s\u0103 reduc\u0103 cererea.<\/p>\n
\n\u00cen acela\u015fi timp, pie\u0163ele imobiliare comerciale r\u0103m\u00e2n pe sc\u0103dere din cauza condi\u0163iilor mai dure de finan\u00ad\u0163are, perspectivei economice nesigu\u00adre \u015fi unei cereri postpandemice mai fragile.<\/p>\n
\nAceast\u0103 corec\u0163ie ar putea testa rezilien\u0163a fondurilor de investi\u0163ii, se arat\u0103 \u00een raportul BCE.<\/p>\n
\n\u201eCorec\u0163ia de pe pie\u0163ele imobiliare ar putea deveni dezordonat\u0103 \u00een cazul unor surprize macrofinanciare negative\u201c, se mai arat\u0103 \u00een raportul respectiv.<\/p>\n
\n <\/p>\n","protected":false},"excerpt":{"rendered":"
Deja afecta\u0163i puternic de cre\u015fterea costurilor de finan\u0163are \u015fi sc\u0103derea valoriz\u0103rilor, proprietarii europeni se preg\u0103tesc pentru un nou val de suferin\u0163\u0103. Companiile din sectorul imo\u00adbiliar au obliga\u0163iuni de aproximativ 165 miliarde de dolari ce ajung la maturitate p\u00e2n\u0103 \u00een 2026, \u00een timp ce b\u0103ncile \u00ee\u015fi reduc expunerea la indus\u00adtrie, iar costurile de credit se situeaz\u0103 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[438,30],"class_list":["post-216628","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-europa","tag-imobiliare"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/216628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=216628"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/216628\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=216628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=216628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=216628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}