LIFE AFTER BANKS

摘要

Development finance for UK commercial property has become even harder to come by in the past 12 months, with major lenders now reluctant to fund even fully pre-let projects. Recent research from De Montfort University found that the number of lenders willing to finance fully pre-let developments fell by a staggering 21% in the first half of 2011 to just 31% of those surveyed, while only 15% of lenders are now open to funding speculative developments.