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UK property debt falls to GBP207 bln in 2010 - study

Posted on 23 May 2011

De Montfort University’s UK Commercial Property Lending Market Survey showed on Friday that lenders held commercial property debts of 206.9 billion pounds on their balance sheets at end-2010, down 9.4 percent from 228.3 billion a year earlier.
The dip was the first recorded by De Montfort since 1999, when its annual report began. Much of the fall was due to big transfers of bad commercial property loans to governments and their bad banks, including about 10 billion pounds moved to Ireland’s National Asset Management Agency (NAMA), the report said……………………………………….Full Article: Source


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