BF.direkt’s Q2 survey showed its commercial real estate financing sentiment index fell to -25.97 from -9.74 in Q1, signaling sharply reduced financing appetite. The survey’s academic adviser, Stefan Sebastian, said the drop is mainly linked to the wa

2026-07-06

BF.direkt’s Q2 survey showed its commercial real estate financing sentiment index fell to -25.97 from -9.74 in Q1, signaling sharply reduced financing appetite. The survey’s academic adviser, Stefan Sebastian, said the drop is mainly linked to the war involving Iran, which has pushed energy prices up, lifted inflation and intensified concerns about further rate rises. He added the shock is hitting a sector already vulnerable after the 2022 rate-driven sell-off following the Ukraine conflict; German commercial-property prices fell in 2022 and have only slowly recovered. More than 46% of respondents reported financing conditions had worsened.