Bank lending to UK property developers ‘collapses’
Bank lending to property developers halves in two years
Bank lending to UK property developers has halved over the past two years, according to new stats out today.
Funding platform Saving Stream says the figure dropped from £32.5 billion to £14.
Property developers shelled out £2.1bn in s106 payments last year
“For smaller developers who are already struggling to find funding for their developments, these added costs can be the final nail in the coffin", says peer-to-peer lender
Developers cater for Asian influx
With Asian buyers reportedly accounting for 60 pc of new build properties purchased in Central London in 2011, developers are increasingly tailoring projects to appeal to their top demographic.
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