Banks more willing to lend to Swedish real estate

Prospects for real estate financing in Sweden have improved, Catella’s real estate debt indicator for the first quarter of 2013 shows.

Catella's CREDI real estate debt indicator rose to 55.9 for March from 50.1, indicating improved access to real estate financing. This confirms indications made by CREDI for the fourth quarter of 2012.

Daniel Anderbring, responsible for Catella’s CREDI, said: 'Those banks which are active on the Swedish market are more willing to finance real estate deals than they were in 2012. In addition, a number of previously active players, primarily German banks, have once again begun to cultivate the Swedish market. We believe that their activity will increase in pace with increased interest in Sweden on the part of foreign property investors, and as competition on their core markets intensifies.'

The fourth edition of the Catella Real Estate Debt Indicator (CREDI) can be downloaded from catellaproperty.se.