Sunday, November 19, 2006

Interest rate hike may take the steam out of debt-backed property speculators

Propety Tycoons Who Owe Billions

The commercial-property world has been on a huge borrowing spree since 2000. Research from De Montfort University, to be published next month, shows that by July this year the sector owed a record £176 billion, up 12% from the £157 billion at the end of 2005.

Posted by jellycaster @ 06:39 PM (468 views)
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