Bank of England reports Q1 fall in credit availability

The net balance of lenders reporting a rise in availability of credit for commercial property in the latest Bank of England Credit Conditions Survey was -13.7%.

The figure was a surprise and is worse than had been expected at the time of the previous survey, when it was 2.1%. It contradicts the Property Banking Forum’s survey, carried out in January and February, as well as the BoE’s February data, which showed positive net real estate lending flows that month.