Loan sales in Europe fell for the first time since the global financial crisis last year from €1.14tn to €1.06tn (£924.6bn), according to CBRE’s European Commercial Real Estate Finance 2017 Update.
UK transactions were down by 91%, falling from €51bn to €4.5bn, largely because the country was one of the first to deleverage and sell off its non-performing loan portfolios.
CBRE said it expects volumes to rise again this year, although sales will be concentrated in areas such as Italy and Spain where activity has historically been much lower than in the UK or Ireland.
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