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...Mortgage approvals hit an 18-month high in March, the Bank of England reported last week, in a further sign of buyers returning to the market....
...Buch said it was “realistic” for banks to meet those requirements, and gave the example of energy-efficiency certificates for mortgages....
...Net mortgage approvals for house purchases rose to 60,400 in February from 56,100 in January, the Bank of England said on Tuesday....
...In short, bank capital is trapped. When capital can no longer move across jurisdictions, balance sheets in each region are fixed....
...of mortgages for the first time in more than two years....
...Overall declines in the capital’s prices were the largest of any UK nation or region. Beveridge said: “Last year was very difficult for London because it’s the most unaffordable region in the country....
...The region-wide Stoxx 600 lost 0.1 per cent, France’s Cac 40 rose 0.1 per cent and Germany’s Dax added 0.2 per cent. London’s FTSE 100 was steady....
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...But while JPMorgan had to rescue ailing institutions such as mortgage lender Washington Mutual, it could still reduce its share count since 2008 by 27 per cent....
...Many of those affected lived in the Alpine region near the Swiss border and took out a mortgage product called Helvet Immo, which was supplied by a subsidiary of BNP Paribas, to acquire small buy-to-let...
...Rising mortgage costs — the average mortgage rate was 4.05 per cent as of January — have also deterred many domestic buyers, providing an opportunity for foreign buyers, particularly those with cash, says...
...Mortgage rates have declined from their peak last summer but they remain much higher than they were two years ago, reflecting the Bank of England’s decision to raise interest rates to a 16-year high of 5.25...
...The rise in mortgage payments follows the Bank of England’s increase in interest rates from a record low of 0.1 per cent in November 2021 to the current 5.25 per cent....
...The Bank of England’s data on mortgage approvals in March, due on Tuesday, will show if the fall in borrowing costs since mid-2023 has continued to spur activity....
...Prices rose year on year in most regions, with Northern Ireland registering the fastest pace at 5.3 per cent....
...However, inflation and growth in Europe have been weaker in recent months than in the US, opening the door for the region’s central banks to start lowering borrowing costs before the Fed....
...India and its neighbours are not creating enough jobs to sustain their young populations, the World Bank has warned, putting the region’s demographic dividend at risk even as it enjoys the world’s fastest...
...Christian Nolting, global chief investment officer at DB Private Bank, agrees....
...Arab nations have begun to swing behind the idea of a multinational peacekeeping force for Gaza and the occupied West Bank, as they try to develop a viable postwar plan for the region....
...South Korea led gains in the Asia Pacific region on Tuesday amid hopes that the US Federal Reserve will begin cutting rates earlier than expected....
...The region-wide Stoxx Europe 600 rose 0.5 per cent, as did France’s Cac 40, while Germany’s Dax added 0.6 per cent. US stocks, meanwhile, looked set to snap a six-session losing streak....
...The region-wide Stoxx 600 ended trading 0.8 per cent higher, extending a run this week that has been spurred by rising expectations the European Central Bank could soon cut interest rates as well as stronger...
...On the continent, Europe’s region-wide Stoxx 600 rose 0.2 per cent for a five-day winning streak and its third-straight record high close....
...She cites Germany’s development of green steel, using its state development bank KfW to make loans conditional on the introduction of environmentally friendly technologies....
...The figures reflect the impact high mortgage rates have had on would-be home buyers, after the Bank of England raised the cost of borrowing from a record low of 0.1 per cent in late 2021 to a 15-year high...
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