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Mortgage Approvals Fell 5% In February They Have Fallen 11% Since November - Capital Economics

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There's been a lot of upbeat talk on the property market and UK house prices recently, the latest surveys seem to back it up.

Property group Hometrack reckons house prices rose for the fourth month in a row in March, by 0.5%. Prices rose by 0.1% on last March - the first annual increase Hometrack has reported since the start of 2005.

And the British Bankers' Association reports that the number of new mortgage approvals for house purchase came in at 57,585 in February. That's up 22% on a year ago. So is the property market firmly back on the upward path?

We don't think so - and we're not the only ones...

http://firstrung.co.uk/articles.asp?pageid...articlekey=1560

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After adjustments, CE reckon "new approvals actually fell 5% in February. Moreover, they have fallen 11% since November."

Well let's see how good they are. The BOE numbers are out tomorrow. In Nov on a SA basis they were 116 so 11% less would mean they will report 103K......

We shall wait to have a laugh, tomorrow I'm going for 118K

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After adjustments, CE reckon "new approvals actually fell 5% in February. Moreover, they have fallen 11% since November."

Well let's see how good they are. The BOE numbers are out tomorrow. In Nov on a SA basis they were 116 so 11% less would mean they will report 103K......

We shall wait to have a laugh, tomorrow I'm going for 118K

Came in at 115K....So down from 121K (revised from 122) last month

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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