Cass report: residential deals drive sharp rise in development lending

Cass Lending report 2018

Cass UK property lending report for 2017 shows 13% year-on-year rise in development lending to £8.7bn.

The respected survey, which was previously produced by De Montfort University, showed that lenders provided a total of £8.7bn of development loans in 2017, up 13% on the previous year.

Residential development accounted for the lion’s share of this total. However, the survey also revealed increased lender willingness to fund commercial developments. At the end of last year, 26 lenders provided terms for fully pre-let commercial development, up from 20 at the same point the year before.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue