European Lender Intentions Survey 2026 - Germany

CBRE’s 2026 European Lender Intentions Survey was conducted between 18 March 2026 and 28 April 2026. 134 Europe-based respondents -thereof 48 lenders domiciled in Germany or with exposure to the German market – participated in the survey, sharing their origination expectations, lending terms, and preferred sectors in 2026.
The survey results show that lender appetite for European real estate remains strong in 2026.

Most lenders expect to increase their origination activity this year and sentiment has improved year-on-year for all sectors. All responses were collected after the outbreak of conflict in the Middle East. Hence, it is not surprising that most lenders identified an uncertain geopolitical landscape as the top challenge for the debt market given its impact on the outlook for inflation and interest rates. Yet the lending environment is still competitive. The Living sector was again ranked first as the preferred target for new lending, but there was a notable rise in interest towards Offices, and 86% of respondents were willing to lend against alternative real estate sectors such as Affordable Housing, Co-living, and Healthcare.