Politicians and the tabloid press are scoring easy points by vilifying bankers, Credit Suisse’s European head of real estate banking Ian Marcus said in the anniversary edition of Property Week’s podcast.
In the first episode of the podcast Marcus, who also chairs the Bank of England’s property forum, said that it is "right and proper" bankers should be rewarded for the “deliverability” as well as originating transactions.
He also spoke about the important lesson that banks seemed to forget before the recession - you never lend on valuation but on “the ability of someone willing to occupy real estate.”
Allister Heath, editor of free business newspaper City AM, also talks to PW’s podcast host James Max about why he thinks property is the most dangerous asset to lend against, and why the quantitative easing programme is a high risk strategy for the UK in the long run.
Also hear the latest news explained by Property Week editor Giles Barrie.