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A recent study from De Montfort University showed that commercial real estate investors in the United Kingdom may have difficulty refinancing as anywhere between £72.5 billion to £100 billion ($158 billion) is expected to miss out on this due to tightening lending practices enacted as a result of the European debt crisis.
Lending for the commercial real estate industry in the country dropped by nearly 7 percent last year, according to the study. This was due to an overall tightening to regulations that was enacted last year. However, this could increase significantly due to the need for banks in the European Union to make adjustments due to Greek and Spanish economic issues.
"The debt crisis is regarded as a real threat to asset values in the U.K. and globally," Bill Maxted, co-author of the report, said in a statement. "[The problem] has to be solved before national economies and lending markets can start to improve."
The study added that European banks contribute more than 90 percent of the credit for the entire eurozone's property industry. However, this may decline markedly in the next few years.
