| 000 | 01597cab a22002055a 4500 | ||
|---|---|---|---|
| 001 | L156440 | ||
| 008 | 120522e2012 xxk 000 0 eng d | ||
| 035 | _a(Sirsi) u156440 | ||
| 041 | 0 | _aeng | |
| 100 | 1 | _aPhillips, Mike | |
| 245 | 0 | 0 | _aDebt weight |
| 260 | _c2012 | ||
| 490 | 0 |
_aProperty Week _v78 (20) 18 May 2012, 34-37(4) |
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| 520 | _aThe 2012 De Montfort survey into bank lending to property offers a bleak outlook on an industry struggling to shake off the burdens of debt. The process of reducing property's debt mountain continued with a 7% drop in 2011 to £212bn but a gargantuan refinancing mountain still exists. At least £73bn and possibly more than £100bn of loans cannot be refinanced in the current market. For the first time since the survey's inception in 1999, not a single bank was willing to lend on a speculative office scheme. Weak lending intentions, more expensive loans, banks constrained by legacy loan books: taxing conditions will remain for years. | ||
| 520 | _aGraphics cover: aggregated value of outstanding debt; number and value of loans in breach of financial covenant; all lenders - defaulted loans 2006 year-end to 2011year-end; primary reason cited as the cause of breach at year-end; value of gross annual lending 1999-2011 - all lenders; maturity profile of senior debt and CMBS loan maturities; loan-to-value ratios by proportion of outstanding debt; regional distribution of lending at year-end 2011; average interest rate margins by sector. | ||
| 590 | _aKA | ||
| 651 | 4 | _aUnited Kingdom | |
| 690 |
_aCommercial property _96227 |
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| 942 | _n0 | ||
| 999 |
_c84014 _d84014 |
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