Amid warnings of ‘enormous complacency’, deepening gloom on the UK’s high streets should encourage lenders to adjust their strategies.
The return of CMBS creates additional liquidity for the European market, but its scope should remain selective.
Property owners are reluctant to sell assets, meaning refinancing will be a major driver of lending activity.
European regulators deserve credit for pressuring banks to deal with toxic loans, but the weight of capital chasing distressed property debt is also driving activity.
Participants in real estate debt deals should resist the temptation to relax financing standards.
Debt providers are concerned with changes in underlying property markets, but they should not overlook macroeconomic threats, writes Nicole Lux, author of the Cass UK lending survey.
The report formerly known as De Montfort highlights several trends that are shaping the market, including growth in development lending and the increasing role of non-bank lenders.
The profile of buyers will shift, but foreign investment into European
real estate will remain crucial, writes David Hutchings, head of EMEA investment strategy at Cushman & Wakefield
Sponsor-led securitisations can be challenging, but are a competitive financing option, says Reed Smith partner Iain Balkwill
There are big plans for the survey formerly known as the De Montfort report. That is good news for transparency in the property debt space.