Debt financing to be scarce through end2009 DTZ
Debt financing will continue to be scarce for at least another year and a half, one of the worlds largest real estate brokers and consultancies DTZ said in its report titled Money and Property 2008.DTZs conclusion draws on a Lenders Survey, which sees three in four respondents in Europe anticipating tightening lending terms and conditions. In addition, another 45 per cent of the respondents in Europe expecting a cut in typical loantovalue ratios.