Your position “Corporate Finance Director” for CEE is a new one at JLL. I assume it’s connected with these disruptively high interest rates?
JLL created position this position for CEE because rising yields are going to make things harder for capital markets. Clients are not ready to accept the change in market prices. Sellers still want the good old prices, while buyers want the new price. Until they come to an agreement, we're sort of on pause there.
More developers and real estate investors are going to struggle to find proper financing. They’re going to . . .
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