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May 9, 2019

Banks Still Want To Lend, But Not To Retail: Everything You Need To Know About Debt Late In The Cycle

Two significant lending reports were released in the space of a week, which paint a detailed picture of leverage in the UK real estate sector 10 years after it reached a trough in March 2009.

In many respects, the Cass Commercial Property Lending report and the Laxfield UK CRE Debt Barometer, both of which cover the period to the end of 2018, tell a similar story: Lending to commercial property has become more cautious as the macro picture becomes more uncertain, but banks are still willing to lend to the sector. Retail owners will be squeezed by a retreat by lenders, and lending in London is receding.

Ahead of Bisnow London's Capital Markets Review on 21 May, here are eight key findings from the two reports.

Loan origination is up but UK property’s loan book got smaller

Banks Still Want To Lend, But Not To Retail: Everything You Need To Know About Debt Late In The Cycle

Just shy of £50B was lent to UK property in 2018, up 12% on 2017, according to Cass. That figure takes in lending for new deals and refinancing. That showed the continued appetite for the sector, according to the report’s author, 

Read the full story here.

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