Loan distress is brewing, banks are playing it safe and alternative lenders are aiming to make gains in the market.
Although many lenders have scaled back their activities considerably, some see property credit as an enticing opportunity in a dislocated market.
Europe’s real estate debt providers have become more selective about what they are prepared to lend against.
Vacancy and rental levels could be on a longer-than-anticipated road to recovery, especially in western markets.
The pandemic has had a huge impact on how debt providers set prices, with different types of lenders facing different pressures.
The wall of capital will likely mean lower returns for property credit strategies. But that has not deterred institutional capital from piling in, as this record-breaking close will attest.
New research suggests there is a real estate debt funding shortfall ahead. But the problem is unlikely to be as severe as in the aftermath of the global financial crisis.
Financing deals in the UK capital this month suggest some debt providers are keeping faith in the city’s fundamentals.
The extent to which universities bring students physically back to campus will determine property debt providers’ appetite for financing student accommodation.
We are preparing our annual list of the organisations that are having the greatest impact on European property lending markets. If you believe yours is among them, we want to hear from you.