Mortgage lending in the euro area will rise by just 1.5% in 2023 and 2.4% in 2024, EY forecasts.
Călin Nicolescu
Economy
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EY forecasts modest growth in mortgage lending, driven by high borrowing costs and falling confidence in the housing market. Consumer credit is expected to grow 1.6% in 2023 and 1.9% in 2024.
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