BCSC 2012: The proportion of all debt allocated to the retail sector fell from 32% in 2001 to 22% by the end of 2011, according to new figures from De Montfort University.
De Montfort said that the fall had been prompted by banks looking to diversify lending during the boom years into sectors such as residential, care homes and student accommodation.
By the 2011 year-end, some £50bn secured against the retail sector was still on balance sheets. Some 64% of this has been provided by UK lenders and building societies, 22% of international lenders, 13% from German banks and just 1% from North American lenders.
annabel.dixon@estatesgazette.com
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