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Finance for commercial property developments drying up

Development finance available for new UK commercial properties has continued to dry up, with fully pre-let and speculative projects falling out of favour with major lenders who have been spooked by the eurozone debt crisis, a survey shows.‘Lending organisations commented that the existing liquidity crisis had been made more acute by the problems of European sovereign debt and the unknown extent of contagion between banks,’ said Bill Maxted of De Montfort University who is the co-a...
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