Lending Survey

A Cushman & Wakefield survey of lenders reveals that the overwhelming majority continue to lend in the UK.  Only 5% have shut their UK books; however, appetite for lending on speculative development is noticeably down. Interestingly, appetite from lenders for pre-let development stock was greater than for non-prime investment stock in second tier cities, casting a spotlight on a growing differential between prime and secondary. Overall, however, lenders have reported minimal impact of Brexit on their business.