In Europe over 1 trillion euro of real estate loans has to be refinanced over the next 5 years
Senior loan pricing has increased substantially during the last 5 years with loans now priced at 250 – 400 bp over Euribor depending on the LTV and the type of real estate (INREV, October 2012)
Finance conditions are not becoming easier (EPRA chairman Groener, September 2013)
Many property companies have very high leverage. These huge debt positions could impact the cost of capital.
