Miller Group has called for measures to sustain the commercial and housing markets.
The UK's largest privately-owned house building, construction and property development business, Miller Group, has announced its financial results for the last year.
Miller said that it believes the housing and commercial property markets have passed the worst, as the firm has seen "encouraging" activity levels in housing and 87 per cent of its commercial portfolio is income-yielding.
However, Sir Brian Stewart, chairman of Miller, said that in order to sustain and encourage the recovery, lenders must continue to provide
commercial mortgages and other
sources of finance.
"It would be unfortunate if, having been through the worst recession in our lifetime, the financial sector failed to provide the products, the liquidity and the conditions for the market to move forward," he added.
Last month, Miller Group announced that it had sold Phase 2 of the Edinburgh Quay mixed-use scheme to open-ended Luxembourg-based Savills European Commercial Fund for £21.1 million.
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