European households will see housing affordability deteriorate as the supply-demand gap persists and prices continue to rise. Stimulus measures are urgently needed to boost housing supply in European countries where the situation is particularly acute.

The first quarter of 2025 saw the highest quarterly issuance of European CMBS since the global financial crisis but refinancing risk for securitised loans is still high, while US tariffs could affect industrial, logistics and retail assets.

Scope’s 12-month trailing ratings drift for structured finance transactions moved into positive territory in the first quarter of 2025, with a positive ratio of upgrades over downgrades not seen since 2022.

Italian NPL collections fell 11% month on month in February, a noticeable deviation from past years, where February collections have typically been aligned with or slightly above January’s.

Monday, April 7th 2025 - 1:00 PM (CEST)

The introduction of Dutch-specific assumptions strengthens transparency and standardisation in the RMBS rating methodology.

Europe’s real estate firms find funding respite but refinancing challenge looms; covered bonds provide stability in turbulent times; non-prime office segment faces rising vacancy rates; what can Frederick the Great tell us about today’s capital markets?

Our distressed house price decline (HPD) benchmark assumptions for structured finance transactions have been updated to reflect real estate market vulnerabilities in 18 European countries under a severe economic shock.

Italian NPL collections fell 62% in January 2025 month-on-month, tracking the same trend observed between December 2023 and January 2024 (-60%).

Italian NPL collections surged by 81% month-on-month in December 2024 to EUR 339m, reaffirming the trend that this month typically sees the highest collections of the year. But even then, volumes were 23% lower than the 2022/2023 December average.