Tuesday, 24 June 2008

BBA lending figures out for May 2008 lending

Only 27968 mortgages approved for house purchase in May 2008 compared to 77443 in May 2007.

Mortgage lending for home purchase is now down a whopping 64% on the year.


This indicates further significant falls for house prices over the coming months.

Does beg the question - who are these 27968 that are buying at the moment?

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