• Changed demand for loans in low-interest environment in the German real estate financing market
  • Loan portfolio for commercial properties in Germany stands at €261bn by the end of 2015, a decrease by 14% compared to 2010
  • Credit unions, savings banks and insurance companies are expanding their loan portfolios while the larger lenders see their market share shrinking due to less gearing requirement from their clients
  • Real interest of German Bunds still negative
  • Swap rates with terms of up to six years currently negative
  • „Lower for longer“ forces property investores to reconsider their portfolio allocations and investments