04.11.2010 - UK: Bank lending to real estate continues to fall
From Europe-re.com: According to Jones Lang LaSalle, the latest Bank of England lending figures show that bank lending (in Sterling) to real estate in Q3 2010 continued to fall from its recent peak in Q1 2010, decreasing by 4.5 billion (approx. 5.1 billion) between July and September. This represents the biggest drop in a single quarter since the series began in 1987. Total lending outstanding reached 240 bln. (including lending by building societies) at the end of September 2010. UK bank exposure to real estate (i.e. the proportion of lending to real estate as % of total lending) remained stable at 11.2% for the third consecutive quarter from a high of 11.8% in September 2009..............................................Full Article: Source
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