Monday, Jan 26, 2009
Pent-up demand still hiding in cupboard
BBC: Bank mortgage approvals down 52%
The number of new mortgages for house buyers approved by the UK's banks fell last year by 52%.
The British Bankers Association (BBA) said the number of these approvals went up from 17,000 in November to 22,000 last month.
However, this was still 47% down on December 2007.
Posted by phdinbubbles @ 10:56 AM (356 views) Add Comment
2 Comments
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1. paul said...
The BBC of course, won't mention 'pent up demand'. They'll mention that next week, in a more upbeat article on the housing market.
2. phdinbubbles said...
In fairness, the BBC hasn't mentioned pent-up demand since Friday - was struggling to think of something to put in the headline bit.