Lending activity is ramping up in European real estate markets amid rising appetite from banks and alternative lenders alike – even as a limited number of investment deals to finance creates intense competition for opportunities.

That is just one of the takeaways from affiliate title Real Estate Capital Europe’s annual Active Lenders report, an exclusive compendium of 64 of the continent’s busiest real estate debt providers through the year’s first three quarters. On this episode, host Greg Dool chats with Real Estate Capital Europe editor Daniel Cunningham and senior reporter Silvia Saccardi for a dive into the key findings, including the fact that this year’s list indicates a resurgence among traditional banks in addition to their alternative counterparts.

Later in the episode, we hear directly from one of those Active Lenders, Leumi UK’s head of property finance Peter Clayton, for his perspective on the list and what it suggests about where the market is headed in 2026.