On the surface, net lending to real estate in December looks to have reached its highest since October 2008. However, this apparent spike in lending was almost entirely due to the addition of a recently-converted commercial bank to the Fed’s dataset. As such, we still anticipate lending will drop back in the coming months as banks are set to tighten credit conditions.
Drop-Ins: Property markets in 2023: We’re holding two special 30-minute briefings on the 2023 housing and commercial property outlooks on Tuesday, 17th January, covering first the UK and Europe and then the US. Click below to register for either or both sessions:
UK/Europe outlook (09:00 GMT/17:00 SGT)
US outlook (11:00 EST/16:00 GMT)
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