(IN BRIEF) The Barclays Property Insights report reveals a slowdown in the growth of rent and mortgage spending, which increased by 1.8% year-on-year in December, down from 8.2% in November. This is the lowest growth rate since August 2024, attributed … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, United Kingdom
Tagged "Bank of Mum and Dad", Bank of England, Barclays, base rate reduction, Consumer Spending, Deposit savings, discretionary spending, driveways, family support, financial confidence, first-time buyer schemes, First-Time Buyers, garages, gardens, home improvements, home renovations, Homebuyers, homeownership, house prices, housing affordability, housing payments, longer mortgage terms, Mark Arnold, mortgage spending, mortgages and savings, Property Insights, property value, rent, stamp duty, UK housing trends, utility bills
Average savings per household has increased four-fold from £36,989 in 1975 to £145,566 Over a third of savings held in deposits, but proportion held in shares continues to fall Sixteen fold increase in value of pensions drives growth in household … Read the full press release
Posted in Banks, Business, Financial, Management, Society, United Kingdom
Tagged Deposit savings, Lloyds Bank, Philip Robinson, UK household savings
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