Now the lifeboat's sinking, too
Watson, Stuart
Now the lifeboat's sinking, too - 2008 - Building 213(8534) 20 June 2008, 60-62(3) .
Discusses how current economic trends and the affects of the credit crunch are affecting housing associations. The article illustrates that while housing associations have benefits in that they can obtain land at lower than market rates, they are now being exposed to higher lending rates than were typically offered in the past and are suffering adverse affects as a result of lowered activity among private house builders. It also asserts that some housing associations may risk breaching their loan covenants in the event of a prolonged economic downturn, through a combination of reduced sales and falling land value.
United Kingdom--
Now the lifeboat's sinking, too - 2008 - Building 213(8534) 20 June 2008, 60-62(3) .
Discusses how current economic trends and the affects of the credit crunch are affecting housing associations. The article illustrates that while housing associations have benefits in that they can obtain land at lower than market rates, they are now being exposed to higher lending rates than were typically offered in the past and are suffering adverse affects as a result of lowered activity among private house builders. It also asserts that some housing associations may risk breaching their loan covenants in the event of a prolonged economic downturn, through a combination of reduced sales and falling land value.
United Kingdom--