A number of shared challenges and opportunities define the European CRE finance sector today and demand the kind of solutions only an industry association like CREFC Europe can deliver. In particular:
- Exposures to CRE debt built up during the last real estate boom undoubtedly contributed to the global financial crisis. There are many lessons to be learned by market participants and by regulators. Both industry practices and the industry’s image and credibility can be improved through best practice, improved transparency and education.
- The European CRE finance industry is newly diverse and poorly understood, particularly by financial regulators. The industry needs to develop a consistent story about itself, and to help regulators understand it better.
- The industry’s two customer bases – borrowers on the one hand and debt investors on the other – also need help better to understand CRE debt markets. Our market, rather than product, focus perfectly positions us to provide information and leadership alongside our members.
We have developed a strategic plan that outlines the CREFC Europe mission over the coming years. It complements our core function of providing a meeting place for industry professionals, and providing networking opportunities, information and education. Read our strategic plan.