Sales of real estate loans and lender-owned properties look set to surpass the €85.9 billion 2015 market peak this year, on the back of large-scale loan sales and securitisations of non-core debt in the Spanish and Italian markets.
Average lending margins across European real estate finance markets have increased in the last six months, while leverage has crept up in selected cities, according to new research by Cushman & Wakefield.
Spain and Portugal look set to feature prominently in the European real estate loan sales market during the second half of 2017, with investment banking firm Evercore reporting €44.1 billion of live sales in Iberia at the mid-year point.
The peaks in the last two real estate cycles were predictable and lenders could have avoided massive losses if long-term asset values had been adequately monitored, a group of senior industry figures has concluded.
A diverse mix of lenders is willing to finance a broad range of property across the UK, although the leverage and pricing they are prepared to offer varies significantly, new research from Capita Real Estate Finance has shown.