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Commercial Real Estate: Europe: Difference between revisions
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* Currently, more than 60% of CRE loans in the euro area are not securitized | * Currently, more than 60% of CRE loans in the euro area are not securitized | ||
* Insurance companies, together with pension funds, are the largest investors in real estate funds (40% in total), followed by households (15%). Long-term investors can help ensure that investment funds have stable funding structures and thus reduce the risk of large-scale fund redemptions. | * Insurance companies, together with pension funds, are the largest investors in real estate funds (40% in total), followed by households (15%). Long-term investors can help ensure that investment funds have stable funding structures and thus reduce the risk of large-scale fund redemptions. | ||
* | * In the event of a CRE market downturn, spillover effects could arise among funds, banks, and financial auxiliaries within the same jurisdiction. However, there are significant cross-border linkages among a few countries. | ||
https://www.scopegroup.com/dam/jcr:e375322a-3fdf-4cbf-8e65-8a39cdd10763/Scope%20Ratings%20-%20European%20CMBS%20under%20pressure%20Mar%2021%202023.pdf | https://www.scopegroup.com/dam/jcr:e375322a-3fdf-4cbf-8e65-8a39cdd10763/Scope%20Ratings%20-%20European%20CMBS%20under%20pressure%20Mar%2021%202023.pdf | ||