A recent survey showed that the mood among those financing commercial real estate in Germany has plunged in the second quarter. The survey by BF.direkt revealed its barometer sinking to -25.97 from -9.74 in the first quarter, indicating a very limited readiness to provide financing.
The war in Iran and its consequences, including the energy price shock and rising inflation, have driven fears of higher interest rates, hitting an industry already in a fragile situation since the sharp rise in interest rates in 2022. More than 46% of those surveyed said that financing conditions had worsened.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
