10Y UST4.99%-0.20%30Y MTG7.32%-1.08%SOFR3.95%+0.51%VNQ$92.39-0.84%XLRE$42.44-0.84%FED FUNDS3.88%
Real Estate Trail
Institutional Press Wire
Financial Times · Capital

Debt woes throttle European commercial property market

Via Financial Times · October 29, 2026
Compiled by Real Estate Trail Editorial · October 29, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

  • Disclosed capital deal value tracked in October 2026: $21.9B across 48 reported transactions.

Computed from Real Estate Trail’s own tracked coverage

Read the full article at Financial Times →

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