Chart of the Day: Mortgage lending to climb 2% in 2020 and 2021

Slowing population growth and the possibility of cooling measures will limit growth.

This chart from Fitch Ratings shows that mortgage lending is tipped to grow 2% in 2020 and 2021 after a projected decline of 0.5% in 2019.

The lending growth slowdown in 2019 was attributed to an increase of the additional buyer’s stamp duty and tightening of loan-to-value (LTV) limits in 2018.

However, the growth is expected to remain limited, as the annual population growth is projected to slow to below 1%, and the possibility of the government applying cooling measures if home prices showed signs of overheating is said to be high.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley