European leasing volumes grew by 4.9 percent
to €227 billion in 2010, up from €209 billion in 2009, the latest
figures from Leaseurope show. Momentum picked up during the year,
and is expected to continue into 2011.
Equipment leasing rose by 2.1 percent, and
vehicle leasing rebounded by 5.9 percent during the year. Real
estate was up by 12.3 percent.
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Recovery rates differed by region and asset
class. Equipment leasing grew strongly in the UK, and vehicle
leasing was strong in Portugal, the Nordics and Spain.
Western Europe and the Nordic markets
recovered well. The CEE region saw growth overall, helped by strong
figures from Poland. However, several CEE countries suffered from
significant declines in equipment, vehicles and real estate
volumes.
Jukka Salonen, Leaseurope chairman and Nordea
Finance CEO, said: “European lessors are performing strongly,
having weathered exceptionally difficult market conditions. We have
an important role to play in contributing to the ongoing economic
recovery across Europe by financing significant investment in the
assets European firms need to be able to grow again.”
Eoghan, O’Briain, Leaseurope adviser in
statistics and economic affairs, added: “Growth in new leasing
business is again leading total investment expenditure at European
level. The cyclical decline in volumes experienced during the
recession has reversed and we would expect to see leasing
penetration rise as a result.”
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