Latest news and articles about mortgages from NEX English
The real estate market in Dubai has experienced a significant decline in mortgage volumes, totaling <strong>9 billion dirhams</strong> in April 2026, following historical highs. This downturn is attributed to regional conflicts and their economic impacts.
The housing market in Britain is under increasing pressure due to rising energy prices, leading to higher construction and mortgage costs. This situation has prompted many companies to scale back their new projects.
The potential conflict between the United States and Iran, along with the closure of the Strait of Hormuz, has significant global economic repercussions. This includes rising prices and tighter lending conditions, leading banks to exercise greater caution in approving loans, which affects consumer credit scores.
Spanish bank BBVA is set to execute a significant risk transfer deal worth <strong>€3 billion</strong> related to a mortgage portfolio. This move comes as banks race to finalize such transactions amidst the ongoing conflict in the Middle East.