The Commercial Real Estate Sector Slows Down Globally: What Does It Mean for You?

For the years after they opened up to the West, China has been seen as one of the main drivers of global growth. Anyone driving through their new concrete highways that are in better shape than those in America can see this, with formerly empty fields lined up with skyscrapers and other structures that are too many to count in passing.

Adding to the woes of this sector is the fact that debt is now more expensive because interest rates have risen continuously since March 2022. The Ameribor overnight interbank lending rate between banks rose from 0.1% in March 2022 to 5.438% in March 2024. This is the banks' cost of borrowing money , and they need to add their own interest rate profit after they lend it out for home mortgages, car loans, and other types of loans.

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