Real estate has once again credit

After the business of real estate lending has recently broken into, and now the trend is upward again. In an exclusive survey by the Handelsblatt newspaper, several banks have announced plans to expand its lending to real estate. This could facilitate the financing for investors and developers. The mood in the housing market clears up gradually. Source: dpaLupe The mood in the housing market clears up gradually. Source: Reuters FRANKFURT. The supply of credit in the housing market begins to relax. Several banks indicated at a Handelsblatt survey to try to finance the second half more commercial real estate. In addition, several houses were saying that the competition among the banks has been revived again. "Overall, the climate has brightened further," said the chief executive of the Association of German Pfandbrief Banks (VDP), Jens Tolckmitt, the Handelsblatt. There were signs of an easing in the second quarter. "According to our figures, it has in the commercial lending business in the second quarter once again been a revival," said Tolckmitt. His association represents virtually all major real estate financier in Germany. Between April and June, the lending VDP members had increased compared to the first quarter by 16.7 percent. It is true that the lending business, with 20 billion euros in the first six months was still effectively halved, but the trend back upwards. And there are signs that this will continue. Several banks have announced in the survey to try to increase its lending in the second half, including the Commerzbank subsidiary Eurohypo, the DG Hyp and the German mortgage bank. This sparked gradually also competition between the various institutions. "Especially in the last three months it has intensified significantly," said a spokesman for the German mortgage bank. The WestImmo says that again and more banks are active nationally and internationally. "One reason for the improved funding situation also seems to be," said a spokeswoman. In fact, it is again easier for banks to refinance loans on real estate capital markets. Since the European Central Bank announced in May a purchase program for mortgage bonds, risk premiums fell by 85 percent.