Mortgage approvals fall for first time in a year
Analysts had expected December mortgage approvals to increase to 62,000 although we also saw a reduction in mortgage lending which fell from £1.551 billion in November to £1.165 billion in December. While pessimists will argue this shows the fragility of the recent improvement in the UK property market we have to remember that the turn of the year is historically a very quiet period for the property market.
It will be interesting to see how the UK property market performs in the first quarter of 2010, a period of time which has analysts split on their forecasts. There is an interesting mix of higher inflation and subdued economic activity under the surface which will prompt a number of difficult decisions for the UK government and the Bank of England to take.
It will be interesting to see how the UK property market performs in the first quarter of 2010, a period of time which has analysts split on their forecasts. There is an interesting mix of higher inflation and subdued economic activity under the surface which will prompt a number of difficult decisions for the UK government and the Bank of England to take.
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volatile 2010 I didnt mention the word small in my comment ! click on the "source" button to see who "published" the report LAND IN RANGSIT This is very un accurate report rental property- tenants not told of foreclosure-pending sale Apply for one of these 1 Euro houses www.PropertyMarket.eu World Capital Markets
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