Spain's commercial real estate financing market has seen margins more than halve from 400 basis points two years ago to around 150-275 bps at present, according to a new survey to be presented at EXPO REAL on Tuesday.
Spain's commercial real estate financing market has seen margins more than halve from 400 basis points two years ago to around 150-275 bps at present, according to a new survey to be presented at EXPO REAL on Tuesday.
'Traditional banks are still dominating the market, although we have seen a number of new alternative financiers entering the sector in the recent past,' Jorge Valenzuela Requena, JLL Spain's director debt advisory capital markets, told PropertyEU in an interview.
Despite the steep fall in margins, around two-thirds of lenders active in the Spanish property financing market have 'high' or 'very high' appetite for new loans, JLL's Iberian Lenders survey shows.
Perhaps it is even more remarkable that over 26% of the lendere surveyed would be ready to finance over €100 mln a year in Spain, said Valenzuela Requena. 'The Spanish real estate finance market has completely recovered.'
