Property loans rise as warning signals flash

Loan origination in the UK’s commercial property market has defied expectations and risen despite a slump in investment activity, according to the latest edition of a widely read study – but its author warned that there are now signs of an overheating market. Origination in the UK reached £23.3bn between January and the end of June, said Nicole Lux, senior research fellow at Cass Business School, which publishes the Commercial Real Estate Lending Survey. That figure is 4% higher than in the same six-month period of 2018. “[Investment] transaction numbers were down and sentiment when I