THE number of mortgage approvals plummeted by more than a fifth in July compared to the same month last year as soaring interest rates take their…
THE number of mortgage approvals plummeted by more than a fifth in July compared to the same month last year, as soaring interest rates take their toll on the housing market.
The figure is worse than the predicted 51,000 forecast by economists, adding to evidence the property market is experiencing a downturn. “As a result, the pain being felt by borrowers has been prolonged and this has naturally led to a reduction in appetites where mortgage approvals are concerned.”
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Rising number of people turn to equity release to clear their mortgage debtThe economic turmoil caused by the pandemic and now the rising cost of living have resulted in many people being concerned about their financial situation. Many are revaluating and prioritising wha…
Læs mere »
Home repossession fears over ‘Westminster’s mortgage crisis’THE number of homes being repossessed has risen sharply across Scotland since the pandemic, triggering concerns over the impact of…
Læs mere »
Extreme renting: how rising rates turned the screws on tenants across EuropeHeated market in housing hotspots is compounded by increasing mortgage costs deterring buyers
Læs mere »
Housing sales set to fall to lowest level in a decade with number of deals down a fifth on 2022The mortgage crisis is leading to a housing market slowdown, latest figures from Zoopla reveal
Læs mere »
Housing sales set to fall to lowest level in a decade with number of deals down a fifth on 2022Latest figures from Zoopla reveal how rising mortgage rates are leading to a housing market slowdown
Læs mere »
Saud Arabia’s Foreign Reserves Plunged In July On Oil Production CutsIn July, Saudi Arabia’s net foreign assets saw the biggest drop since the onset of the pandemic in 2020 as the Kingdom reduced its oil production.
Læs mere »