PropertyEU

Lenders' profits hit by property value declines, BoE warns

By A staff reporter 2008-05-02T00:00:00

The sharp decline in commercial property values in the UK has dragged down the profits of the country's most active real estate lenders, the Bank of England has cautioned in its latest Financial Stability Report. The central bank said the 16% fall in commercial property values since last June had ...

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