Lending terms will continue to improve throughout this year, an expert has predicted.
Natale Giostra, head of UK and Europe, the Middle East and Africa Debit Advisory at CB Richard Ellis said the progression will primarily be seen in the UK, Germany and France.
"Despite the sovereign debt crisis and the new government austerity measures facing many markets, we continue to see positive signs of growing lender confidence," he commented.
Banks in certain markets are beginning to offer more competitive lending terms, Mr Giostra continued.
And that is set to improve due to the strengthening of the economy and the continued shortage of good quality space in some markets, he added.
Businesses looking to move to a serviced office might therefore find it easier to access finance.
Earlier this month, Thomas Parry, research manager at the Forum of Private Business, noted there are positive signs in banks' lending such as fewer bad debts being reported.
