Real estate

Half the loss

JP Morgan launched a two-year structured product based on property, homebuilding and financial institutions not long before the bankruptcy of Lehman Brothers. Capital was, of course, lost, but the cost would have been far greater on a direct investment

Bargain basement in the Baltic states

Scandinavian banks are set to become huge owners of Baltic real estate. A large proportion of home loans in the region come from Nordic lenders and repossessions are rising. Some banks are already making preparations to take over and service large…

Follow the bear

Merrill Lynch has launched an 18-month bear market review note linked to the Dow Jones US Real Estate Index offering a premium of 14.8% and a potential early return as well as a known underlying

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