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.
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