Small firms battle through commercial property crunch

Small companies with commercial mortgages are holding their own, despite the global credit crunch and the problems in the business property sector, it has been claimed.

According to the British Bankers Association (BBA), smaller businesses continued to thrive in the face of a number of external issues.

David Dooks, the director of statistics with the BBA, claimed that commercial mortgages have retained a level of stability over the last three months.

He said: "The third quarter data show little, if any, sign of small businesses being affected by the credit crunch at that stage, either from the supply or demand side, as term lending rose by double the average quarterly rise and deposit levels were being maintained."

Meanwhile, Standard Life has claimed that current dip in the commercial property sector will be short lived, with the market likely to recover in the near future.

The value of commercial property dropped by 3.6 per cent in November.

Martin Slowe Property Services are Commercial Property Consultants offering a full range of Commercial Property Services.