Commercial property performing badly
Despite hopes that there could be a recovery in the property market, it looks as if the commercial sector is still going to be suffering over the next year of so by as much as twenty five per cent. This is because of the lack of lending by the financial sector.
What makes this worse for [...]
Commercial properties to cost banks £70 billion
It looks as if the UK banking industry are preparing for a £70 million hit, this time it is down the loans that they have issued against commercial property, up until now the commercial property sector has not been in the picture, but that is all about to change.
Some banks are predicting that commercial property [...]