More PFI project lending 'a good thing' - commercial mortgages

13 July 2009

The fact some banks are starting to lend for private finance initiative (PFI) projects again is "good news", according to the chief economist at the Royal Institution of Chartered Surveyors (Rics).

Simon Rubinsohn said that some increased funding from the government for public building projects has maybe helped the construction industry "a little", although he said it depends on which sector one is talking about.

"There's an attempt to bring forward some of the plans, but these things take time," the economist explained. "Government money will only provide a bit of support."

He added that housebuilders are still not discussing the construction of "mass developments", unlike in previous years.

Rics offers its members advice on various topics, including issues to do with land, property, construction and related environmental issues.

It also releases regular updates on the commercial property industry, including information on commercial mortgages and other business construction data.

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