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Immofinanz-CEO Zehetner Expects Reduced Finance Costs
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Published: December 5, 2011; 17:42 ♦ (Vindobona)
Due to lower interest rates and depreciations of foreign currencies in the CEE region, the Austrian real estate company will have low refinance costs, Zehenter says.
Immofinanz-CEO Zehetner Expects Reduced Finance Costs / Picture: © Immofinanz Group / Press Photo
“We did not have any problems in the last weeks or months to renew our due loans.”, Eduard Zehetner, CEO of Immofinanz states. However, the margins vary substantially and rose over the last months. “The newest measures of the central banks pilot against this development. So, we can calculate with decreasing interest costs.”
The currency depreciations of CEE countries will…
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