Lack of covid distress means property not seen as NPL pool

The availability of finance in the post-Covid period will depend on how quickly economies are able to recover, how soon the individual lockdowns are over and how the vaccination programmes have progressed, says Justyna Kedzierska Klukowska, head of Berlin Hyp’s Warsaw office.

Speaking to Real Asset Media’s Richard Betts she said that while banks might be slightly more conservative in their approach to lending, the fundamental thinking of lenders remains the same.

Furthermore, she said. “In the first weeks of the pandemic we had lots of calls from opportunistic investors asking if there were distressed assets that we would like to get rid of but this did not happen at all. Currently, real estate is not seen as a potential NPL pool of loans.”

Click on the video above to watch the full interview or listen to the podcast below.