International News

‘Our mortgage got so high we put off having a baby’

‘Our mortgage got so high we put off having a baby’

Source: BBC News ---  Alex Czok and her husband Tom Beech had hoped to start a family this year but when their mortgage went up by hundreds of pounds they put their plans on hold. They are one of the four million UK households facing higher mortgage bills this year....

China’s real estate crisis isn’t over yet, IMF says

China’s real estate crisis isn’t over yet, IMF says

Source: CNBC ---  BEIJING — China needs to do more in order to fix its real estate problems, the International Monetary Fund said Friday. The property market contributes to about a quarter of China’s GDP and has been a drag on growth, especially since Beijing cracked...

Mortgage approvals plummet further

Mortgage approvals plummet further

Source: FT Adviser ---  Mortgage approvals fell for a fourth consecutive month in December 2022, reaching the lowest level seen since May 2020, during the first lockdown. Statistics released today (January 31) from the Bank of England showed that mortgage approvals...

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