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Crisis still reverberating in Credit Suisse property bonds

Losses make up 11.4% of the bank's CMBS deals, 80% of which were done when property prices were at the peak

In London, office prices are now above the pre-crisis peak at 22,798 euros per square metre in the third quarter of 2015.


CHANCES are that if you bought bonds backed by European real estate before the global financial crisis, you've lost money. And if those bonds were sold by Credit Suisse Group, the odds are even higher.

Holders of commercial mortgage-backed securities (CMBS) originated by