BF.direkt AG

Company posts

BF. Quarterly barometer: Mood among real estate financiers brightens

The BF. Quarterly Barometer Q3/2026 by BF.direkt and the Handelsblatt Research Institute shows that the mood among commercial real estate financiers is brightening (index: -12.30 after -25.97). New business is rising, NPL risks are falling slightly; margins and loan-to-value ratios remain largely stable.

BF. Quarterly Barometer Q2 2026: Sentiment among real estate financiers collapses

The BF. Quarterly barometer of BF.direkt AG fell from -9.74 to -25.97 points in Q2 2026, signalling a severely limited willingness to finance. The causes include the Iran war with fears of inflation and interest rates. Conditions, new business and volumes are deteriorating.

Markets Real Estate

"The higher interest rate level (...) does not necessarily mean worse business for the real estate industry, but different business models."

Statement by Francesco Fedele, CEO of BF.direkt AG, on the current ECB key interest rate decision.

Markets Statements

"The longer the Iran war lasts, the more likely it is that key interest rate hikes will become"

Statement by Francesco Fedele, CEO of BF.direkt AG, on the ECB's interest rate decision.

Markets Statements

Real Asset Finance & Debt Summit: Real asset financiers must face external shocks

The Real Asset Finance & Debt Summit took place on 23 April 2026 in Berlin and brought together around 130 participants and 21 speakers. Topics included geopolitical and economic challenges as well as the importance of sustainable investments in real estate.

Energy Infrastructure Markets Private Debt Real Estate Statements

BF. Quarterly Barometer Q1 2026: Sentiment remains gloomy despite more new business and fewer NPLs

Despite an increase in new business and a reduction in non-performing loans, sentiment among real estate financiers remains subdued in the first quarter of 2026. The new BF. Quarterly barometer value of -9.74 points reflects the cautious willingness to finance, influenced by the Iran conflict.

Markets Private Debt Real Estate

Why Private Debt Needs to Be Viewed in a Differentiated Way

Dr. Markus Faulhaber and Eugenio Sangermano from BF.capital discuss the risks and opportunities in the private debt market. Despite criticism from the media, they plead for a differentiated view of the asset class.

Markets Private Debt

"The ECB's decision to leave key interest rates unchanged was to be expected despite the current uncertainties."

The ECB is leaving interest rates stable despite global uncertainties. For the real estate industry, the effects remain limited, but persistent inflationary pressure could make financing more expensive. Borrowers should now strategically examine interest rate hedging.

Statements

"The escalation in the Middle East is an acute stress factor for the real estate industry, also in Germany."

Francesco Fedele with a statement on the impact of the escalating conflicts in the Middle East on the real estate market.

Markets Real Estate Statements

BF.capital publishes first BF. Private Debt Market Compass

BF.capital has awarded the first BF. Private Debt Market Compass, which signals positive momentum in the private debt market. The new sentiment index reached 60.1 points and indicates strong fundraising momentum as well as increasing capital commitments.

Markets Private Debt

"The real estate market works, but selectively. While residential and logistics properties remain comparatively stable, other asset classes continue to be under pressure to adapt."

Francesco Fedele, CEO of BF.direkt AG, on the current interest rate decision of the European Central Bank.

Markets Private Debt Real Estate Statements

"We only believe to a limited extent that the real estate crisis has been overcome."

Statement by Francesco Fedele, CEO of BF.direkt AG, on the ECB interest rate decision

Statements