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ARTICLE · 01 MARCH 2010

Predictions For The Real Estate Sector

It has been a turbulent 12 months, and you’d be hard pressed to find many companies that can say they have enjoyed the ride. But there are signs that we might have just turned a corner.

United KingdomReal Estate and Construction
Claire Nelson
Claire Nelson

What Lies Beneath?

It has been a turbulent 12 months, and you'd be hard pressed to find many companies that can say they have enjoyed the ride. But there are signs that we might have just turned a corner.

The first bit of good news for the real estate sector is that the banks are lending again. "We have done three purchases recently for a client, all of which were funded. That wouldn't have happened in January 2009," says Andrew Kinsey of Rosenblatt. Admittedly, there is a lot more caution. Whereas before, borrowers could borrow on 95% loan to value ratio, that has slipped to 65% and the banks are looking much more carefully at the quality of both the product and the borrower.

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