Commercial Real Estate Debt Sustained by Central Bank Bond Buying

Wall Street Journal, Jan. 20, 2021–Anna Hirtenstein (subscription)
Europe’s downtown office buildings are empty, and malls and main streets are deserted, yet the biggest landlords are staying afloat during the COVID-19 pandemic thanks to robust central-bank buying of bonds backed by property debt. Some worry the policy is obscuring long-term pain should workers and shoppers never return in their pre-coronavirus numbers.
https://www.wsj.com/articles/commercial-real-estate-debt-sustained-by-central-bank-bond-buying-11611138600?