January 28, 2024

Property markets and banks find themselves navigating through uncertain waters, reminiscent of the financial crash of 2008 and the ongoing crisis. Unlike previous crises, there’s a sense of caution prevalent among banks and property owners, yet the impact remains undeniable. The real estate lending market, estimated at £238 billion, faced dismal rent collection rates of just 67% at its nadir in the past year. Among the worst-hit entities are the prominent banking giants known as the ‘big four’ – Lloyds Banking Group PLC, Barclays PLC, NatWest Group PLC, and HSBC. Their extensive exposure to the real estate sector has left