Wednesday, Jul 29, 2009
But i thought it was going up?
Yahoo: BSA gross mortgage lending falls 40 percent in June
Gross mortgage lending by British building societies stood at 1.976 billion pounds in June
Posted by mark @ 10:14 AM (484 views) Add Comment
1 Comment
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1. general congreve said...
So, approvals up but lending down, ergo falling prices.
Incidentally, I've just seen the first 2-bed Victorian terrace in my town be put up for sale at 190k, they have been on the market for the past few months at between 210k - 220k (early 2007 prices), so it's a fairly dramatic price drop. Unfortunately I own such a 2-bed terrace. Luckily I have full equity. I have thought about selling and banking the cash, but inflation fears and concerns over bank solvency and continued gold downwards manipulation mean there isn't anywhere I consider safe enough to put the cash while I wait to capitalise on falling prices. Best to sit tight and hedge my bets I guess.