February’s 54% year-on-year decline is the worst on record, according to data published by a consultancy The volume of new homeowner’s loans in Germany more than halved in February compared to the same month last year, according to data by Barkow Consulting. The consultancy’s latest report shows mortgage lending in the Eurozone’s biggest economy nosedived by a record 54% in annual terms. “The decline in March will be even worse due to a base effect, given the record new business of €32.3 billion in 2022,” the publication stated. The Dusseldorf-based agency noted that the figure for total new mortgage business of
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