As expected, net lending to property eased in June from the sharp rise in May. As the recovery in transaction activity is likely to be slow, we expect demand for new lending to be weak for the rest of the year. Further, lenders have indicated a fall in the availability of credit in the coming months and this is likely to result in net lending turning negative this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services