The Bank of England warned that the commercial property market was in danger of overheating because demand from UK and overseas investors had increased. Executive director Pen Kent was concerned about reports that some lenders were trying to put pressure on property valuers to make “higher valuations” to justify investment decisions.
- Financial Times 16/01/97 page 8
- The Daily Telegraph 16/01/97 page 28
- The Guardian 16/01/97 page 17
