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LATEST NEWS & EVENTS Commercial property industry sees 'glimmer of hope'  Firms using a commercial property solicitor have a "glimmer of hope", the British Property Federation (BPF) has claimed as new figures show balance sheets are becoming healthier. Debt secured against UK commercial property fell from more than £300 billion to approximately £293 billion in 2010, the UK Commercial Property Lending Market survey by De Montfort University shows. It also found that two-thirds of lenders (67 per cent) reported a decline in the value of their outstanding loan books in 2010 - the first recorded fall in the report's history. However, the report suggested that conditions for both lenders and the property industry remain tough. Liz Peace, chief executive of the BPF, said: "While there is certainly a glimmer of hope in these figures, the outlook for the commercial property industry and the banking sector remains extremely challenging." She also issued a word of caution to the government, warning that the commercial property sector remains "extremely sensitive to further shocks that may be caused by ill-judged interventions from policy makers". Meanwhile, the BPF has welcomed what it sees as pro-growth measures in the National Planning Policy Statement, which was published last week by the Practitioners Advisory Group. Posted by Alex McLean 
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