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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The UK property sector has a proud tradition of being the gloomiest corner of the European market in every crash. Not this time.
Global real estate, squeezed by rising interest rates, is in the midst of the worst slump since the financial crisis. Office occupancy and valuations have plummeted, especially in the US. Europe is faring better, helped in part by more accommodating lenders. But it is the UK that offers hope of a softer landing — testament to hard-learned lessons of the past.
Property groups used the free…
