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Why bricks are no longer bankable

Language: English Series: Financial Times ; 10 April 1992, 16(2)Publication details: 1992Subject(s): Summary: One of the consequences of the collapse of property values has been increased vulnerability of lenders and their unwillingness to lend on falling security, a problem which may worsen on market recovery as banks and institutions call in their debts.

One of the consequences of the collapse of property values has been increased vulnerability of lenders and their unwillingness to lend on falling security, a problem which may worsen on market recovery as banks and institutions call in their debts.