Growth in mortgage lending is set to fall this year to its lowest level in more than a decade.
According to the EY Item Club, a leading forecasting body, home loans will grow by only 0.4%, the lowest rate since 2011.
The trend in mortgages is expected to be part of a wider tightening in which bank loans to businesses will fall by 3.8%, before returning to growth of 0.9% next year. Net lending by banks to businesses grew by 3.7% in 2022.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
