Belfast Telegraph

Bank lending to property developers down by half, study shows

Lending by banks to property developers fell by half over the past two years, according to a study.

The amount was reduced from £32.5 billion to £14.9 billion in the two years to April, said funding platform Saving Stream.

The cut was explained by banks continuing to "de-risk" balance sheets, driven by the capital holding requirements of regulators.

Liam Brooke, co-founder of Saving Stream, said: "The days when banks dominated the property development lending market are well and truly finished."

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.