The Property Lending Barometer (PLB) is a survey of the real estate financing environment, conducted among banking professionals and regularly published by KPMG for the past 10 years. This year, some 60 European banks from 11 countries participated in the survey, which took place between the end of May and June. The 2020 edition includes a special section on the Covid-19 impact on property financing.
KPMG’s 2020 survey was conducted in unprecedented times for the global economy; as the PLB results show, the COVID-19 crisis is definitely exerting a profound impact on lending institutions’ perspective on their property lending portfolios and is affecting their eagerness to fund real estate projects going forward. One finding in the survey was unanimous across countries: PLB survey participants agreed that the macroeconomic conditions in their markets would affect both what happens in the property markets in terms of projects initiated, as well as how the lending market will determine its actions and what kinds of property developments are likely/unlikely to receive funding.
For more details and insights on the present state of the market and of expected future developments on the real estate lending market, download the survey KPMG Property Lending Barometer 2020.