Property faces slow reckoning as interest rates rise

For owners, rising interest rates bring back unpleasant memories of the years leading up to the 2008 financial crisis. Business owners who have learned useful lessons about debt since then – except to bear less of it – face a slow calculation.

As interest rates have risen faster in the US, European homeowners appear more vulnerable to more expensive debt. According Bank of Americacompared to six times in the United States


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