Net lending to commercial property was once again positive in June at £589m. The continued growth in lending to property contrasts with a contraction in overall sterling lending. Indeed, over the past three months overall net lending has declined by £10.2bn even as property lending increased by £2.6bn. As a result, the share of outstanding debt secured on commercial property has risen to 7.1%, a six-year high.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.