Gaza Now's Arabic channel has more than 300,000 followers on social media channel X, and a large following on Telegram
Demand for unsecured credit also fell, reflecting consumers’ wariness about the economic outlook as the government moves to cut spending and employment.
Gross lending in October was 7.6 billion pounds ($12.1 billion), 16 percent lower than a year earlier, the association said. The value of loans for home purchases, however, increased by 2 percent to 144,900 pounds.
Net lending — stripping out repayments — was 1.7 billion pounds, down 43 percent from last year.
The BBA said demand for unsecured credit was down 1.7 percent compared to a year ago, although there was a slight increase in credit card lending.
Demand for unsecured credit was down 1.7 percent compared to a year ago, although there was a slight increase in credit card lending, the association said.
Meanwhile, the Nationwide Building Society, the nation’s No. 3 mortgage lender, said it expected house prices to decline modestly next year as more properties are put up for sale.
In the six months to Sept. 30, Nationwide said mortgage repayments exceeded new loans by 1.8 billion pounds.
Chris Gardner, a director at mortgage adviser Obligo, said the number of applications for mortgages had fallen in recent months.
He attributed that partly to consumer nervousness, and to decisions by banks to withdraw self-certified and interest-only mortgages.
Gaza Now's Arabic channel has more than 300,000 followers on social media channel X, and a large following on Telegram
The iftar gathering served as a platform for people from diverse backgrounds to come together, socialise, and rejoice in the celebration
The monk was charged for comments made at a press conference held in March 2016.
The facility will provide greater access to residents from Liwa, Mirfa, Gayathi, Ruwais, Tarif from Western Region
High taxes, rising prices and rents, and fewer opportunities in those countries are prompting many to return to the Emirates, say experts
The UAE already has a 10-year Golden Visa programme for investors, entrepreneurs, property buyers and outstanding students since 2019
The anniversary coincides with the UAE’s decision to extend the ‘Year of Sustainability’
Redwood Center of Excellence offers a nurturing environment with an IB Primary Years Programme, blending Montessori, Reggio Emilia, EYFS, and STEM, ensuring holistic development for children