Net lending to commercial property rose sharply in March, reaching £2.5bn. Given that was the first full month following the start of the Iran war, on first glance the strength of the data come as a surprise. However, the investment transactions underlying the loans would have already been agreed prior and more importantly, it’s likely there was a high volume of refinancing activity due to the uncertain environment.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
