Lenders are seeking higher cover from property developers in the backdrop of rising risk due to Covid-19 issues and a general slowdown in slows, says real estate data analytics firm Propstack. Cover means the lender has a certain value of assets compared to a loan given. However, lending rates for developers are coming down in recent quarters.
Lenders seek higher cover from property developers over Covid-19 issues
Cover means the lender has a certain value of assets compared to a loan given
 "Lenders seek higher cover from property developers over Covid-19 issues")
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Lending rates for developers are coming down in recent quarters.
Topics : Coronavirus property deals Home Loan
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