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Business 7 days in the past At economic summit, Tinubu entices buyers with improved foreign exchange liquidity President Bola Tinubu stated on Monday his government has taken steps to enhance foreign trade liquidity in the country. It comes as figures shows the proportion of money buyers – people who have money immediately in the stores a property and don’t must take out a mortgage – has swelled. Weaker demand has resulted in a slowdown in house price development from a 9.2% improve a year ago to a 1.1% decline this year, in accordance with Zoopla’s home price index. This marked the sharpest year-on-year fall in worth growth since 2009, it mentioned. Rising borrowing prices and a squeeze on family incomes have meant some people are delaying shifting or are unable to afford to take out a loan. About 80% of markets in the UK registered house value falls over 2023 compared with last year, the property portal Zoopla found.

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