"Although in Europe the trend is to increase the percentage of the real estate financing from non-banking sources, i.e. issuing shares or corporate bonds, Romania is still extremely addicted to the bank loans due to the poor development of the capital market. For this reason, the investment funds owning assets in Romania and that generally use the attraction of resources on the capital market, unfortunately they are not doing it Bucharest, but on other stock exchanges (i.e. NEPI, Immofinanz etc.)", has declared in a press release Marius Grigorică, senior business analyst DTZ Echinox.
Therefore, the net financing shortage in Europe has diminished in the last 6 months with 42%, from $68 billion to $50 billion, following the reduction of the indebtedness rate and the non-banking financing.
Comparing to last year, most of the European important markets show a reduction of the indebtedness rate, a situation that contributes to the refinancing loans relaxation.
If on short term the credit availability is limited as the funds capital attraction is slow, on medium term the study anticipates a significant evolution and a constant growth of the market share represented by the non-banking financing sources.
"We estimate that the investment funds and the insurers will provide the market $181 billion, a value available for new loans across Europe, in the period 2013-2015. This will determine a raise of their percentage in the total dues in Europe from 2 to 7. We estimate that Great Britain will be the leaser, with a growth of the non-banking sector share from 7% to 15% ", the release shows. (source: economica.net)