Catella: Risk appetite rising

In Catella’s Real Estate Debt Indicator (CREDI) for the third quarter of 2013 the credit market sentiment has improved again over the previous quarter. The CREDI main index moves 4.4 points to a new all-time high of 69.3 and the positive trend is visible in both indices for current situation and expectations.

Following a summer with intense transaction activity in the Swedish real estate market, a majority of both lenders and borrowers indicates that the current financing environment has continued to improve and so has expectations for the coming quarter according to the  latest CREDI survey. 

“The increasing availability of loan financing has supported liquidity in the Swedish real estate transaction market. Since May we have seen a surge in transactions and it is evident that both banks and investors share a rising appetite for risk on the back of the broader economic recovery,” says Daniel Anderbring, research analyst at Catella.

In the listed property sector average loan-to-value increased 0.8 percentage points to 54.1 per cent in Q2 2013, a slight reversal of the deleveraging trend observed since 2009.

“We believe that this is indicative of a shift among the listed companies to invest in growth potential as the availability of financing improves and the general economy recovers,” says Niclas Forsman, capital markets analyst at Catella.

The sixth edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can be downloaded from catellaproperty.se. The next CREDI will be published in December 2013. CREDI consists of two parts: one is a survey and the other a set of indices. Read more about the method here.

Catella’s property advisory services comprise three service areas: Sales and Acquisitions, Financing, as well as Analysis and Evaluation. The business is established in 11 European countries and has more than 200 employees. 

For further information, please contact:
Daniel Anderbring
Reserach Analyst, Catella
+46 8 463 33 60, +46 70 846 47 86

Press contact:
Viktoria Ejenäs
viktoria.ejenas@catella.se
+46 8 463 33 34, +46 72 726 33 34

About Catella: Catella is an independent financial advisor and asset manager. We have operations in 12 European countries and some 450 employees. Catella has a strong offering in financial services through our business breadth, geographical coverage and leading position in the property sector. Catella is listed on Nasdaq OMX First North Premier, trading under the stock symbols CAT A and CAT B. The company’s certified advisor is Remium AB. Read more at www.catella.com.

Tags:

About Us

Catella is a leading specialist in property investments, fund management and banking, with operations in 14 European countries. The group has sales of approximately SEK 2 billion and manages assets of approximately SEK 180 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more at catella.com.