DIFI financing index remains red, with slight brightening for retail


The German Real Estate Financing Index (DIFI) by JLL and the Leibniz Centre for European Economic Research (ZEW) remains deep in the red. The marginal increase to -9.7 compared with the previous quarter’s -10.8 was partly due to the first-time inclusion of hotel properties, the only asset class above the zero line. Surprisingly, the retail sector also contributed to this small brightening. At -39.4 points, its assessment is 10 points higher than at the end of last year, and financing expectations have also recovered slightly. Both the assessment and expectations for logistics properties fell 10 points. For the first time since 2017, the asset class as a whole is in sub-zero territory; the current assessment, however, remains positive. Anke Herz, Team Leader Debt Advisory at JLL in Germany, says that the forecasts for all types of use are significantly more pessimistic than the current assessment.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.