8 Oct

Increased lending is a "good thing"

Increased lending is a "good thing"

Team Association customers might be interested to learn that is a "good thing" that more banks have shown a willingness to lend money for commercial property deals, according to one industry expert.

Kelvin Davidson, property economist at Capital Economics, predicts a recovery in the commercial property market within the next "12 to 15 months".

His comments follow the publication of a report by Savills, which revealed that the number of financial institutions prepared to lend more than £20 million for commercial property agreements has almost doubled in the last six months.

"There are already a good number of lenders who have already lent to property, so all it would take for lending volumes to rise is simply [for] some of those lenders who have been active in the past, to come back," stated Mr Davidson.

In related news, CB Richard Ellis recently reported that September constituted the third month in a row that the country's commercial property sector recorded positive returns and capital growth.

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