In recent months demand for new properties has plummeted and banks have become increasingly keen to limit their exposure to risk. For projects that are nearly complete, it would be sensible to build them and hope for better times, but banks will be tempted to mothball or withdraw from schemes that require significant expenditure to complete. In most cases it will be in the interests of the funder and the developer to work together to retreat with minimum expenditure. Either way, though, it is up to the employer to take the necessary action.
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