The German Real Estate Finance Index (Deutscher Immobilien-Finanzierungsindex(DIFI)-Report) is based on a quarterly survey conducted by the ZEW. In the first part of the survey, experts in the market for real estate finance are asked about their forecast and expectations about the financing conditions in the office, retail, logistics and residential real estate market and about the re-financing conditions. The Index is calculated based on the experts expectations about the market sectors. A second part of the survey asks for current topics in the real estate market.

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German Real Estate Finance Index (DIFI Report) Second Quarter 2021


  • Financing Indicator Back in Positive Territory
  • Strong Recovery Amongst Pandemic Losers
  • Mixed Outlook for the Real Estate Refinancing Markets
  • Lenders Remain Cautious in Terms of Hotel and Retail Properties

More issues in 2021