LEADER 04342nam 2200565 450 001 9910813128003321 005 20230627202606.0 010 $a1-119-21921-3 010 $a1-119-21920-5 010 $a1-119-21923-X 035 $a(CKB)4330000000009370 035 $a(Au-PeEL)EBL5144405 035 $a(CaPaEBR)ebr11466117 035 $a(OCoLC)1003489728 035 $a(MiAaPQ)EBC5144405 035 $a(EXLCZ)994330000000009370 100 $a20171209h20182018 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aProperty boom and banking bust $ethe role of commercial lending in the bankruptcy of banks /$fColin Jones, Stewart Cowe, Edward Trevillion 210 1$aHoboken, New Jersey :$cWiley Blackwell,$d2018. 210 4$dİ2018 215 $a1 online resource (197 pages) $cillustrations 311 $a1-119-21925-6 320 $aIncludes bibliographical references and index. 330 $a"A fascinating analysis of the critical role commercial property investment played in the economic boom and bust during the global financial crisis The unprecedented financial boom stretching from the mid-1990s through 2008 ultimately led to the deepest recession in modern times and one of the slowest economic recoveries in history. It also resulted in the emergence of the draconian austerity policies that have swept across Europe in recent years. Property Boom and Banking Bust offers an expert insight into the complex property market dynamics that contributed to the Great Financial Crisis of 2008 and its devastating economic consequences. It is the first book to focus on a woefully underreported dimension of the crisis, namely, the significant role that lending on commercial property development played in the crisis. Among other key topics, the authors explore the philosophical and behavioral factors that propelled irresponsible bank lending and the property boom; how it led to the downfall of the banks; the impact of the credit crunch on the real estate industry generally in the wake of the financial crisis; the catastrophic effects the property bust had on property investors, both large and small; and how the financial institutions have sought to recover in the wake of the financial crisis.  Provides valuable insights into what happened in previous booms and busts, particularly in the 1970s and 1980s, and how they compare with the most recent one Offers an expert assessment of the consequences of the global financial crisis for the banking system and the commercial property industry Examines strategies banks have used to recover their positions and manage the overhang of indebtedness and bad property assets Addresses strategies the real estate industry have used to recover from the collapse in property values Written in an accessible style, and featuring numerous insider case accounts from property bankers, Property Boom and Banking Bust disentangles the complex, tightly-woven factors that led to the Great Financial Crisis of 2008, while offering powerful lessons for property industry professionals on how to avoid having history repeat itself"--$cProvided by publisher. 330 $a"This book offers a practical explanation of the property boom funded by generous bank lending, the impact of the credit crunch on the real estate industry, the downfall of the banks, the impact on property investors large and small, and how the financial institutions have sought to recover from the disaster that was the Great Financial Crisis"--$cProvided by publisher. 606 $aReal estate investment 606 $aCommercial real estate 606 $aMortgage loans 606 $aFinancial institutions$xReal estate investments 615 0$aReal estate investment. 615 0$aCommercial real estate. 615 0$aMortgage loans. 615 0$aFinancial institutions$xReal estate investments. 676 $a332.109/0511 686 $aBUS054000$2bisacsh 700 $aJones$b Colin$f1949 January 13-$01659124 702 $aCowe$b Stewart 702 $aTrevillion$b Edward 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910813128003321 996 $aProperty boom and banking bust$94013628 997 $aUNINA