06-07-2016, 08:48 AM
Not sure about being exactly like bear stearns funds which owned subprime mortgage backed securities. These UK funds seem to actually own properties directly like a REIT.
But if there is a rush of investor withdrawal, it will be probably the same for UK banking system as all the liquidity dries up and credit freezes.
Those who have not cash out early may have just lost a big chunk of their nest egg.
Uk Banks will probably be freezing approvals on new commercial building loans now and if this spread to residential, things are going to get very very ugly in London property scene.
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But if there is a rush of investor withdrawal, it will be probably the same for UK banking system as all the liquidity dries up and credit freezes.
Those who have not cash out early may have just lost a big chunk of their nest egg.
Uk Banks will probably be freezing approvals on new commercial building loans now and if this spread to residential, things are going to get very very ugly in London property scene.
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