No less than 64% of the UK's top lending institutions are predicting that the current credit crunch will last for six months, with over 35% saying it will last for at least a year, according to a survey by UK consultancy firm GVA Grimley. The Bank Lending Survey, carried out in December 2007, polled banks with total annual loans to the property sector of close to GBP 35 bn (EUR 42.8 bn).
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
