Lending activity across Europe is expected to increase in 2024, according to the latest Lender Intentions Survey from CBRE.
Nearly two-thirds of lenders surveyed expect to increase origination activity in 2024, with refinancing expected to be the main source of demand. Non-bank lenders such as debt funds, insurance companies and investment banks are expecting moderately higher activity levels (76 percent) than traditional banks (56 percent).
“Suppressed levels of investment activity remain the main challenge to the European debt market,” said Chris Gow, head of debt and structured finance Europe at CBRE. “As the willingness and appetite to lend is absolutely there. This is why refinancing is expected to drive the majority of activity, but based on the survey results, we anticipate development loans being another key source of demand.
“Distress is no longer the major worry for lenders that it was a year ago — not because there is no distress, b
