Analysts see opportunity for banks in property market slowdown

•As banks remain discreet in lending Whether it is a slowdown, a lull or an outright crash as some people believe, the prevailing situation in the property market presents a fine opportunity for financial institutions for real business deals, analysts have said. Due largely to the on-going banking reform in the country, banks’ lending to real estate has almost kissed the floor and, according to finance analysts, lending to developers and real estate generally is almost zero now. “It is such ...
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Added June 13, 2010
from Businessday Nigeria