Market in minutes [electronic resource] number of lenders increase but terms get tighter - February 2012
Market in minutes number of lenders increase but terms get tighter - February 2012 [electronic resource]
- London Savills 2012
- Savills Market in Minutes February 2012 .
Commercial prime yields continued to hold with all sectors seeing another month of no change. After 2009 and 2010's improvement in commercial investment activity, 2011 saw a 7.1% fall in volumes to £31.9bn (2010 reported 45% increase). Bank lending to the property sector seems to have virtually dried up. Savills' March 2012 list of bankers has expanded to 21 including eight German banks, and five insurance companies. The lending criteria have tightened however and become very selective. Savills' economic forecast indicates only a marginal fall in economic output in Q1 2012.
United Kingdom
Commercial prime yields continued to hold with all sectors seeing another month of no change. After 2009 and 2010's improvement in commercial investment activity, 2011 saw a 7.1% fall in volumes to £31.9bn (2010 reported 45% increase). Bank lending to the property sector seems to have virtually dried up. Savills' March 2012 list of bankers has expanded to 21 including eight German banks, and five insurance companies. The lending criteria have tightened however and become very selective. Savills' economic forecast indicates only a marginal fall in economic output in Q1 2012.
United Kingdom