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German banks show 'strong lending activity'

Wednesday, March 17, 2010

Source: Catherine Deshayes

The latest UK lending survey by Savills has shown there is an increasing desire for lending among banks, especially those from Germany.

According to the organisation, banks such as Deutsche, Bayerische Landesbank and Aareal are among the top 21 lenders for 2010.

The study lists institutions that are able to lend upwards of £30 million, with 60 per cent of the top ranked banks being German lenders.

William Newsom, UK head of valuation at Savills, stated: "In the late 1990s the development finance markets were closed for half a dozen years. In this cycle we have seen the markets reopen again after only two years albeit on cautious terms."

In addition, the market in the UK is defined by a lack of quality lending opportunities, Savills suggested.

Moreover, now might be a good time to invest in commercial property in central London, after CB Richard Ellis recently noted the capital's real estate market has shown a better level of resistance than many global destinations.

Source: www.savills.co.uk