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UK consumer confidence in housing drops as mortgage and rental spending growth slow significantly.
Barclays reports a slowdown in mortgage and rental spending growth to 1.8% in December, down from 8.2% in November.
Consumer confidence in affording payments hit 52%, the lowest in 2024.
Despite lower house prices encouraging 16% of UK households to plan moves, 57% believe buying a home without family help is impossible.
Homeowners and renters prioritize properties with garages or gardens, with many saving to build deposits amid economic challenges.
3 months ago
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