Default levels on commercial properties in the U.K. will increase during the next 12 months, according to 86% of respondents to a survey by Investec Private Bank's Structured Property Finance division. Despite the grim outlook, 83% of the respondents said they believe banks will continue to make loans to developers and property investors. "The key to obtaining finance in the current environment is to have a successful track record and the ability to add value," said Paul Stevens of Investec.

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