Debt weight
Language: English Series: Property Week ; 78 (20) 18 May 2012, 34-37(4)Publication details: 2012Subject(s): Summary: The 2012 De Montfort survey into bank lending to property offers a bleak outlook on an industry struggling to shake off the burdens of debt. The process of reducing property's debt mountain continued with a 7% drop in 2011 to £212bn but a gargantuan refinancing mountain still exists. At least £73bn and possibly more than £100bn of loans cannot be refinanced in the current market. For the first time since the survey's inception in 1999, not a single bank was willing to lend on a speculative office scheme. Weak lending intentions, more expensive loans, banks constrained by legacy loan books: taxing conditions will remain for years.Summary: Graphics cover: aggregated value of outstanding debt; number and value of loans in breach of financial covenant; all lenders - defaulted loans 2006 year-end to 2011year-end; primary reason cited as the cause of breach at year-end; value of gross annual lending 1999-2011 - all lenders; maturity profile of senior debt and CMBS loan maturities; loan-to-value ratios by proportion of outstanding debt; regional distribution of lending at year-end 2011; average interest rate margins by sector.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Book | Virtual Online | L156440 (Browse shelf(Opens below)) | 1 | Available | 156440-2001 |
The 2012 De Montfort survey into bank lending to property offers a bleak outlook on an industry struggling to shake off the burdens of debt. The process of reducing property's debt mountain continued with a 7% drop in 2011 to £212bn but a gargantuan refinancing mountain still exists. At least £73bn and possibly more than £100bn of loans cannot be refinanced in the current market. For the first time since the survey's inception in 1999, not a single bank was willing to lend on a speculative office scheme. Weak lending intentions, more expensive loans, banks constrained by legacy loan books: taxing conditions will remain for years.
Graphics cover: aggregated value of outstanding debt; number and value of loans in breach of financial covenant; all lenders - defaulted loans 2006 year-end to 2011year-end; primary reason cited as the cause of breach at year-end; value of gross annual lending 1999-2011 - all lenders; maturity profile of senior debt and CMBS loan maturities; loan-to-value ratios by proportion of outstanding debt; regional distribution of lending at year-end 2011; average interest rate margins by sector.