UK banks will remain one of the busiest markets in Europe for property loan sales in 2013, according to PwC.
This is despite UK banks selling more real estate loans than their European counterparts for two years in a row.
PwC expects €60bn (£49m) of non-core loan portfolios to be sold in Europe this year, against €45bn in 2012 and €36bn in 2011.
UK banks accounted for 22% of European loan sales in 2012 and 24% in 2011, mostly made up of real estate loans.
However, PwC reported that UK property loan sales would this year account for a lower percentage of total loan sales than they did in 2012.
It expects only €15bn of the total €60bn loan sales in Europe in 2013 to be based on real estate.
Other significant loan sales in Europe are likely to include infrastructure, aviation, shipping and retail lending, according to Richard Thompson, PwC’s head of European portfolio advisory group.
Thompson added that loans for sale would include performing, sub-performing and non-performing debt, with portfolios often including a mix of all three.
david.harris@estatesgazette.com
