Recommendations for reducing the risk of damage to the financial system from the next commercial real estate market crash.
A message from Nick Scarles, Chairman of the Real Estate Finance Group (REFG):
"A Vision for Real Estate Finance in the UK’, is a report which draws on the breadth of the group’s property industry expertise to come up with a solution which both protects financial stability and maximises the commercial real estate sector’s contribution to economic growth. The report is by the REFG, a cross-industry real estate group comprising experienced professionals from across the market spectrum, acting in their personal capacity, with the objective of delivering unconstrained their best recommendations. The report benefits from the industry discussion initiated by publication of the group’s draft recommendations in October 2013 (see bottom of page)."
"We believe our recommendations offer a realistic prospect of protecting financial stability and maximising economic growth and hope that those with the power to implement them will now take these proposals forward."A Vision for Real Estate Finance in the UK - final recommendations
An industry discussion
‘A Vision for Real Estate Finance in the UK’, is a discussion report which contains draft recommendations designed to prevent the next commercial real estate crash threatening the UK’s financial stability. The report, published in October 2013 was the product of a group of selected individuals holding senior positions across the industry, acting in their personal capacity, with the objective of delivering unconstrained their best recommendations.
Interested parties were invited to comment on the draft recommendations as outlined in the in the discussion document.A Vision for Real Estate Finance in the UK - industry discussion