The European mortgage market is on course to grow at its slowest rate for a decade this year, as lower economic growth and higher borrowing costs weigh on demand for loans.
Falling house prices across the eurozone are also a factor in EY’s forecasts that the mortgage market will grow by only 1.5 per cent this year and 2.4 per cent in 2024, compared with 4.9 per cent last year.
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