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LATEST NEWS & EVENTS UK commercial property sector 'laden with extra debt'  More companies could need the construction dispute resolution services of a commercial debt recovery solicitor, new figures may indicate. According to Savills, the UK commercial property sector is saddled with over £350 billion of debt - well above current industry estimates. The firm revealed that only 25 per cent of the sector's debt is allocated to prime assets, with the rest secured against secondary and tertiary property. William Newsom, head of valuation at Savills UK, commented: "Debt availability continues to be an issue for this market and we have witnessed a reversion to the historical model where higher levels of equity are required." The UK Commercial Property Lending Market survey by De Montfort University recently showed that debt secured against UK commercial property fell from more than £300 billion to about £293 billion in 2010. Commenting on those figures, chief executive of the British Property Federation Liz Peace said that while there is a "glimmer of hope", the outlook for the commercial property and banking sectors remains "extremely challenging". Posted by Paul Stevens 
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