UK real estate debt [electronic resource] a problem for the borrowers and the banks
Phillips, Mike
UK real estate debt a problem for the borrowers and the banks [electronic resource] - London IPF 2009 - IPF Research Programme Short Papers Series (1) July 2009 .
Suggests that banks are acting to cleanse their loan books, and predicts that although there will not be a large amount of property coming on to the market, banks will be forced to act as the number of defaults and sales increases. Argues that, for banks, it is of prime importance to avoid crystallising losses on loans and that they will therefore follow five to 10 year workout process. Suggests that this will mean that UK investment market could remain stagnant for some time.
Advanced
United Kingdom--
333.32 $2 18
UK real estate debt a problem for the borrowers and the banks [electronic resource] - London IPF 2009 - IPF Research Programme Short Papers Series (1) July 2009 .
Suggests that banks are acting to cleanse their loan books, and predicts that although there will not be a large amount of property coming on to the market, banks will be forced to act as the number of defaults and sales increases. Argues that, for banks, it is of prime importance to avoid crystallising losses on loans and that they will therefore follow five to 10 year workout process. Suggests that this will mean that UK investment market could remain stagnant for some time.
Advanced
United Kingdom--
333.32 $2 18