HMRC, Home Mortgage, house sales, Mortgage Broker, Mortgage Lenders, NEWS ARCHIVES, private rented sector, sales volumes
Property Market Receives ‘Reality Check’ from Latest Transaction Figures
The property market in many countries around the world has been receiving a ‘reality check’ from the latest transaction figures. This is due to a combination of factors, including rising interest rates, tighter lending criteria, and a general slowdown in the global economy. In the United States, the housing market has been hit particularly hard by the recent economic downturn. Home prices have dropped significantly, and many homeowners are finding it difficult to keep up with their mortgage payments. This has led to an increase in foreclosures and short sales, as well as a decrease in new home sales. In the UK, the property market has also been affected by the economic downturn. House prices have fallen, and many people are finding it difficult to get a mortgage due to stricter lending cri...