Insurance News Archive
Commercial property insurance holders to see more funding
The level of funding available for commercial property insurance holders is set to rise, according to analysis by PricewaterhouseCoopers (PwC).
Insider Media reports that a poll conducted by the professional services firm revealed that 38 per cent of lenders in the Midlands are planning to increase the level of finance for commercial property development over the next year.
The establishment of Local Enterprise Partnerships (LEPs) in the region is helping to improve confidence among investors, according to PwC's Midlands real estate expert Alistair Reason.
"While there is still some uncertainty about how much benefit will be felt by the region's commercial property market in the short term, things are definitely starting to look up," he told the publication.
Some 87 per cent said they believe LEPs will have a positive impact on the region's commercial property sector.
Meanwhile, analysis by CB Richard Ellis found that Asia's commercial property sector is outpacing Europe's in terms of value.
Posted by Michael Brown
22 Jun 2011
