Banks face losses on property
Banks face losses on property
- 1993
- Financial Times 13 April 1993, 9 Guardian 13 April 1993, 9(2) .
A St Quintin report estimates that £24.6bn worth of loans on offices in London and the South-east is secured on property now worth only £16.4bn. The more cautious approach to property lending by banks will now hamper recovery in the property market. "Bank finance in the property sector: debt mountain or mirage?" £65.
ASSET VALUES
BANK LENDING
PROPERTY-COMMERCIAL PROPERTY
DEBT
NEGATIVE EQUITY
OFFICES
PROPERTY LENDING
RECESSION
RECOVERY
ST QUINTIN
A St Quintin report estimates that £24.6bn worth of loans on offices in London and the South-east is secured on property now worth only £16.4bn. The more cautious approach to property lending by banks will now hamper recovery in the property market. "Bank finance in the property sector: debt mountain or mirage?" £65.
ASSET VALUES
BANK LENDING
PROPERTY-COMMERCIAL PROPERTY
DEBT
NEGATIVE EQUITY
OFFICES
PROPERTY LENDING
RECESSION
RECOVERY
ST QUINTIN