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Marcus Bierich
- 5 November 2024
- MACROPRUDENTIAL BULLETIN - FOCUS - No. 25Details
- Abstract
- This special focus examines the size and characteristics of bank lending to real estate investment funds (REIFs) in the euro area. Overall, bank lending to REIFs is limited in size, with financial stability risks appearing to be contained as a result. However, stress in the REIF sector could still expose banks to losses and could be exacerbated by the riskier nature of this loan portfolio. Finally, high financial leverage in the REIF sector could also pose risks, however, further analysis is required to assess possible risks from pockets of highly leveraged REIFs.
- JEL Code
- G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages
G23 : Financial Economics→Financial Institutions and Services→Non-bank Financial Institutions, Financial Instruments, Institutional Investors
R33 : Urban, Rural, Regional, Real Estate, and Transportation Economics→Real Estate Markets, Spatial Production Analysis, and Firm Location→Nonagricultural and Nonresidential Real Estate Markets