Banks face losses on property
Language: English Series: Financial Times ; 13 April 1993, 9 | Guardian ; 13 April 1993, 9(2)Publication details: 1993Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2915-24 (Browse shelf(Opens below)) | 1 | Available | 5922-1001 |
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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.