China

Amid a property crisis in China, investors and creditors are selling global real estate assets to raise cash despite potential losses in a declining market. This sell-off seeks to quantify the industry’s challenges, exacerbated by increased borrowing costs that have already reduced office property values by over USD 1 tln. The global commercial property market saw its lowest transaction volume in a decade last year, with significant uncertainty due to a lack of recent sales data for valuation.