Valuation losses likely as commercial property enters new cycle
Analyst says listed property firms are already trading at a discount to net tangible assets.
Quality assets are likely to feel less of a bite.
After more than a decade of consistent gains, commercial property is staring down valuation losses as the market turns downward.
The past 10 years or so, apart from a blip at the onset of Covid-19, have seen NZX-listed property businesses post revaluation gains across their portfolios running into
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