CML figures show property market stuttering as June mortgage lending falls 3% on last year | Mail Online
The property recovery remains firmly on hold, with mortgage lending down 3 per cent in June on the already low figure seen the year before.
Gross mortgage lending rose by 16 per cent from May to June, to £12.6bn, according to new Council of Mortgage Lenders figures, however, this seasonal uplift still left the month down annually.
High inflation, falling spending power and fears over employment are all pressing down on the property market, according to the CML.
This has contributed to mortgage lending remaining stuck near historically low levels, with the property market stuttering despite record low interest rates.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment