From WSJ: Financing for property acquisitions may still be tight in Europe, but German banks have been among the most active lenders in many of the deals in Europe’s main real-estate markets this year.
What is their secret? While securitization of property debt remains all but nonexistent in Europe, German mortgage banks have a financial Wunderwaffe: the Pfandbrief, a type of tightly regulated covered bond……………………………………….Full Article: Source