Property players see debt demand rising

Two-thirds of investors and lenders expect a rise in demand for real estate debt during the coming two years, although a notable number believe the financial covenants on loans have become more restrictive. Of more than 100 institutions quizzed by online property investment platform BrickVest, 80% expected availability of debt to stay constant or increase during the next 12 months. Close to half of lenders named sourcing difficulties and costs as the biggest challenge they face in the current market, followed by interest rates and international debt market access. Borrowers’ three most common obstacles were funding difficulties, financing costs and