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Property lending market recovering?

Series: Property Week ; 69(45) 5 November 2004, 20 (1)Publication details: 2004Subject(s): Summary: The latest quarterly Kingfisher/Property Week index, which measures the amount that could be borrowed or lent in relation to investment yields and interest rates, has fallen for four successive quarters from a record high of 139% in June 2003. It fell to 111% at the end of 2003 and then to 95% in Summer 2004, but has begun to stabilise and came back up to 99% at the end of September 2004; this is partly due to the threat of higher interest rates receding. The index is predicted to remain steady.

The latest quarterly Kingfisher/Property Week index, which measures the amount that could be borrowed or lent in relation to investment yields and interest rates, has fallen for four successive quarters from a record high of 139% in June 2003. It fell to 111% at the end of 2003 and then to 95% in Summer 2004, but has begun to stabilise and came back up to 99% at the end of September 2004; this is partly due to the threat of higher interest rates receding. The index is predicted to remain steady.