Big rise in mortgage lending backs up house prices growth | Money | guardian.co.uk
Mortgage lending rose by £1.6bn in January, twice the average for the previous six months, according to figures released by the Bank of England.
The increase, together with data indicating house price growth published by the Land Registry, suggests the housing market may be in the early stages of recovery.
Howard Archer, chief UK economist for IHS Global Insight and one of the most bearish of the housing market analysts, said: "With housing market activity trending up modestly, and the economy showing signs of improvement, the downside risks to house prices are abating."
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