London offers best returns for lenders

London offers property lenders the best returns among the largest markets in Europe, according to CBRE’s latest European Debt Map.

Returns for senior lending are higher in London (2.65%) than in other major markets such as Berlin (1.42%) or Paris (1.52%).

Central and Eastern Europe have the highest returns overall in Europe, led by Bucharest and Warsaw at around 5%, due to the relative illiquidity of those markets.

Among the major markets in Western Europe, the UK has higher margins and higher total cost of debt than Germany and France.

Although Spain’s