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Used car market set for a dam burst of demand , says Startline Motor Finance

4 people found this useful Demand for used cars is starting to accelerate as buyers look to make post-lockdown purchases, according to Startline Motor Finance. The company says pent-up demand for used cars demand is now beginning to become apparent, following a “very busy” February and March-to-date. Paul Burgess, Startline chief executive, said: “We’re not talking about a dam burst of demand suddenly being unleashed in the market or perhaps even the kind of sudden, strong demand that we saw last summer but there’s a detectable sense of the market just starting to rev up. “What is probably happening is that there is a general sense of optimism as the vaccination programme rolls out relatively quickly and a gradual return to some kind of normality looks to be in reach. This inevitably feeds through into increased consumer confidence which is a major influence on used car sales.”

UAE residents are opting for more personal loans, local banks say

UAE residents are opting for more personal loans, local banks say Waheed Abbas/Dubai File photo Improved sentiment encouraging residents to increase spending as well as invest more. Demand for personal loans among the UAE residents remained steady during the last quarter of the last financial year (FY) and banks predict that more people would opt for personal loans, according to a new survey. The Credit Sentiment Survey by the UAE Central Bank revealed that demand for personal loans remained strong in Abu Dhabi and northern emirates but softened in Dubai. The Credit Sentiment Survey is a quarterly publication of the UAE Central Bank, which collects information from senior credit officers from all banks and financial institutions extending credit within the country.

UAE banks expect revival in credit demand from Q1 2021

Dubai: UAE banks expect to see an increase in credit demand in the first quarter of 2021 according to the fourth quarter 2020 credit sentiment survey of the Central Bank of UAE. The Credit Sentiment Survey is a quarterly publication of the CBUAE, which collects information from senior credit officers from all banks and financial institutions extending credit within the UAE. The survey respondents are expecting an increase in overall credit appetite for both business and personal loans in the current quarter. Credit standards for business loans are predicted to tighten, while credit standards for personal loans are expected to ease marginally.

Seven Must Reads for the CRE Industry on March 5, 2021

Seven Must Reads for the CRE Industry on March 5, 2021
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