The Traderszone Network

Published in TZ Latest News 11 October, 2017 by The TZ Newswire Staff

American banks aren’t lending to British property owners like they used to

Lenders in North America and elsewhere are pulling back on credit they’re willing to provide for commercial properties in the U.K. as prices remain at record highs and uncertainty lingers over Brexit. North American banks provided $861 million for commercial real estate in the six months through June, a 58 percent drop from the previous year, according to a survey of 78 lenders by De Montfort University. British banks and member-owned lenders advanced $10.8 billion […]

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