Prospective interest rate rise could hurt debt market
Language: English Series: Property Week ; 76(36) 10 September 2010, 36(1)Publication details: 2010Subject(s): Summary: The latest King Sturge/Property Week index shows the market for providing new senior debt for property to be healthy but is threatened by the prospect of a rise in interest rates. After declines in the index since June 2009 caused mostly by reducing yields, the index has recovered thanks to falling interest rates. The amount that could hypothetically be lent has increased from 73% in March to 77% in June. Interest rate pressures later in 2010 and 2011 will make it more difficult to secure debt finance for new acquisitions or refinancings scheduled in the next three years.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L150904 (Browse shelf(Opens below)) | 1 | Available | 150904-1001 |
The latest King Sturge/Property Week index shows the market for providing new senior debt for property to be healthy but is threatened by the prospect of a rise in interest rates. After declines in the index since June 2009 caused mostly by reducing yields, the index has recovered thanks to falling interest rates. The amount that could hypothetically be lent has increased from 73% in March to 77% in June. Interest rate pressures later in 2010 and 2011 will make it more difficult to secure debt finance for new acquisitions or refinancings scheduled in the next three years.