Monday, January 26, 2009

Pent-up demand still hiding in cupboard

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 (785 views)
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2 thoughts on “Pent-up demand still hiding in cupboard

  • 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.

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  • In fairness, the BBC hasn’t mentioned pent-up demand since Friday – was struggling to think of something to put in the headline bit.

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