Debt funds move further centre stage as banks pull back

Jun 1, 2026

German banks are retreating more deeply from real estate lending than many investors yet appreciate. At last week's Rueckerconsult INVESTMENT Expo in Berlin, Frederik Bräkling of Pax-Bank described a market where development finance at 50% LTV has become standard, second prolongations are increasingly common, and…

Financing & CMBS Capital Markets Debt & Financing Europe Berlin Germany

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Provenance

Publisher: REFIRE
Obtained from: REFIRE
Published: Jun 1, 2026
Last updated: Aug 2, 2026 (1 day ago)

Global Real Estate Intelligence records where every item came from and when we last refreshed it. Where a field reads Unknown we could not establish it, and we do not guess.

Germany’s hotel market rewards quality and punishes weakness

Germany's hotel market remains open for business in 2026. At the halfway stage, overnight stays are edging higher, investment transactions continue to take place and financing remains available for the right assets. Yet this apparent resilience disguises a market that has become far more discriminating, with…

Financing & CMBSCapital MarketsHospitalityEuropeGermany

Updated 1 day agoPublished Jul 26, 2026

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REFIRE

Existing buildings overtake new-build as main construction activity

Something significant has shifted in Germany's construction industry, largely without being planned. For the first time, the data suggests that renovation, conversion and repurposing of existing buildings are on the verge of overtaking new-build as the dominant form of construction activity in the country.

Financing & CMBSCapital MarketsSustainabilityEuropeGermany

Updated 1 day agoPublished Jul 26, 2026

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REFIRE

Germany's residential rental market is seizing up

Germany's rental market is no longer defined simply by rising rents. It is increasingly defined by falling residential mobility. As inadequate housing supply, limited housing turnover and worsening affordability reinforce one another, tenants are remaining in existing homes for longer whilst competition intensifies…

Financing & CMBSCapital MarketsMultifamilyEuropeGermany

Updated 1 day agoPublished Jul 24, 2026

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REFIRE

Germany has the projects. It just can't build them.

Between the end of 2023 and the end of 2026, residential projects totalling 30.1 million square metres of living space were scheduled for completion across Germany. Around 9.4 million square metres — equivalent to roughly 125,000 homes — will not be delivered. Felix Embacher , managing director of researchers…

Financing & CMBSCapital MarketsMultifamilyEuropeGermany

Updated 1 day agoPublished Jul 24, 2026

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REFIRENews

Rate hold welcomed, but long-term financing costs show no sign of falling

The European Central Bank left its key interest rates unchanged at its July meeting, keeping the deposit rate at 2.25% following June's 25 basis point increase. The decision was universally anticipated and removes the immediate threat of another increase for property borrowers. It provides considerably less reason,…

Financing & CMBSCapital MarketsEurope

Updated 1 day agoPublished Jul 24, 2026

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REFIRENews

German foreclosures begin to reveal three years of financial stress

Germany's forced auction market is beginning to accelerate. In the first half of 2026, 7,845 properties were scheduled for compulsory sale, up 8.4% on the same period last year, according to specialist publisher Argetra . That rate of increase is almost double the 4.7% growth recorded during the whole of 2025.…

Financing & CMBSCapital MarketsEuropeGermany

Updated 1 day agoPublished Jul 21, 2026

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