Over the past year banks have become more open to lending to the commercial property sector.
An increasing number of banks are offering additional debt for investment and development since 2007's crash, according to a report from international real estate adviser Savills.
Overseas banks currently dominate lending to the UK market. The report discovered that 60 per cent of those that had no problem lending over £30 million came from Germany.
Currently there are seven banks, such as Barclays, Investec and Lloyds Banking Group, that will offer site acquisition finance or construction finance.
"In the late 1990s the development finance markets were closed for half a dozen years. In this cycle we have seen the markets reopen again after only two years albeit on cautious terms," Savills' UK head of valuation William Newsom said.
According to another recent survey carried out by Savills, last month saw the sharpest rise in commercial development activity since May 2007.
Show me
Finance Director jobs.
