Commercial real estate lending hits ten year low
Workplace Insight
MAY 3, 2024
New lending for commercial real estate fell 33 per cent last year to its lowest level since 2013, according to the latest bi-annual report from Bayes Business School, (formerly Cass). billion – with just over half (52 per cent) going to residential development financing. Dr Lux expects that will cause ongoing stress in the market.
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