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Article: United Kingdom: Banks Likely to Increase Loans for UK Real Estate.
- Article from:
- TendersInfo
- Article date:
- October 8, 2009
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Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc are among lenders likely to make larger U.K. commercial property loans as financial markets recover, Savills Plc said.
A total of 23 banks said they would loan more than 20 million pounds ($32 million) to a buyer of U.K. commercial real estate, Savills said in a statement today, citing the results of a September survey of more than 100 lenders. That s almost double the number that said so in March, Savills said. Almost half of the banks are based in Germany.
Lenders are slowly returning to the British commercial- property market as their own borrowing costs decrease and prices fall, according ...