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Voice of the Commonwealth - The Global Influencer

Voice of the Commonwealth - The Global Influencer

Demand for new mortgages remained strong last year, but a slowdown is on the cards for 2022

WELLINGTON (CU)_Demand for mortgages in New Zealand remained strong over the past year, with lending on home loans reaching $9.08 billion in November, according to latest figures published by the Reserve Bank. While this figure was slightly below the $9.2 billion registered a year earlier, it was an 18 per cent increase from the $7.6 billion in the previous month. 

Of the funds borrowed in November, $1.7 billion went to…

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