ZEW-JLL DIFI Report Published: Positive Real Estate Financing Conditions Despite Slowing Macroeconomic Momentum
ResearchThe German Real Estate Finance Index (DIFI) remains stable in the third quarter of 2014. The assessment of the current financing situation has hit a new all-time high of 40.8 points, whereas the experts’ optimism about further improvement in financing conditions appears to dwindle slightly. However, financing expectations still stand at a positive level of 7.6 points after a 2.8 points drop. Compared to the previous quarter, the index has decreased by 0.7 points to 24.2 points overall. Since its launch almost three years ago, the DIFI has gained almost 40 points from minus 13.1 to 24.2 points. After some signs of pronounced volatility during 2012, the DIFI has been notably stable since autumn 2013. 53 experts participated in the survey in August 2014.
These are the central findings of the quarterly survey on the real estate financing market in Germany conducted among real estate financing experts by ZEW in cooperation with JLL.
The German Real Estate Finance Index (DIFI)
The German Real Estate Finance Index (DIFI) reflects survey participants’ assessments of the current situation (past six months) in and expectations (coming six months) for the German real estate finance markets. It is produced quarterly and is calculated on the basis of an average of the results for the office, retail, logistics and residential real estate market segments. These figures reflect the percentage of positive and negative responses received from survey participants relating to the current situation in and financing expectations for the German real estate market. The DIFI is produced and published in cooperation by the Centre for European Economic Research (ZEW) and JLL.
