To highlight trends and changes in real estate financing, Catella is launching CREDI the Catella Real Estate Debt Indicator. CREDI is a market sentiment indicator for the Swedish real estate debt financing market.
"We are currently experiencing a period of rapid changes in real estate credit conditions. Catella sees a need to increase transparency in the financing situation for property companies. This is a natural development for Catella, which complements our advisory services," says Anders Palmgren, Head of Catella's Corporate Finance operations.
CREDI consists of two parts; firstly a six-monthly current and forward-looking survey of Swedish listed property companies and banks providing real estate financing on the Nordic market; and secondly a set of indices based on publicly available data illustrating the aggregate change in credit conditions such as leverage, duration and cost of debt for the Swedish listed property sector.
"The input provided by the survey adds depth and predictive value to the CREDI indicator. What's more, the selection of respondents spans both the supply and demand sides of the real estate financing market," says Daniel Anderbring, Research Analyst at Catella Corporate Finance.
"By monitoring credit conditions for the Swedish listed property sector, we are also aiming to track trends and changes on the broader real estate financing market," says Niclas Forsman, Capital Markets Analyst at Catella Corporate Finance.