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11.03.26 - 14:06
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Average UK mortgage rate tops 5% as lenders scurry to reprice loans amid Middle East crisis (The Guardian)
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More than 500 lending products pulled in biggest single upheaval since Liz Truss's mini-budget in 2022How will war in the Middle East affect your finances?Business live – latest updatesAverage mortgage rates in the UK have flown past 5% as lenders scramble to respond to growing turmoil in the home loan market caused by the Middle East war.Nearly 500 mortgage deals have been pulled in the past 48 hours in what is the biggest upheaval since the aftermath of the 2022 mini-budget. Continue reading......
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11.03.26 - 10:00
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Hong Kong property could gain as Middle East turmoil reshapes global wealth flows (SCMP)
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Escalating tensions in the Middle East could redirect global wealth flows and support demand for Hong Kong property, as investors seek stable financial hubs amid rising geopolitical uncertainty, analysts say.
The shift comes as global wealth migration increasingly reshapes luxury property markets from Sydney to Dubai and Hong Kong.
Citigroup said in a report released on Monday that prolonged instability in the region could prompt capital and talent to move out of the Middle East. The report said......
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