US, Canada banks slash share of UK property loans before Brexit
London
NORTH American banks cut their share of UK commercial property lending by half, ahead of the referendum on European Union membership as uncertainty about the vote and a cooling market damped demand for real estate.
US banks and Canadian lenders' market share dropped to 7 per cent from 14 per cent in the first six months, according to a survey of 78 lenders by De Montfort University that was published on Monday. UK banks and member-owned lenders advanced 44 per cent of all new loans, a 10 percentage point increase on the previous six months, the report by the Leicester, England-based university estimated.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies