May
23
Soured U.K. Commercial Property Loans Cut by Half as Values Jump
By-
Defaulted loans shrink from 23.2 billion pounds at end of 2014
-
De Montfort University surveyed British banks on loans
Rising property values enabled lenders in the U.K. to reduce defaulted commercial-property loans on their books by almost half to about 12.1 billion pounds ($17.5 billion) last year, a survey showed.
The amount remaining in default fell from 23.2 billion pounds at the end of 2014, according to a survey of lenders by Leicester, England’s De Montfort University released Tuesday by the British Property Federation…
Soured U.K. Commercial Property Loans Cut by Half as Values Jump
