Thursday, May 14, 2009
(on mortgage according to CML) 24K in Feb, 31K in March
Number Of People Buying Homes Jumps 29%
The number of mortgages taken out by people buying a home jumped by 29% during March, the Council of Mortgage Lenders has said. The figures are a further sign of a pick-up in housing market activity. A total of 31,000 mortgages were advanced during the month for people buying a property - up from 24,000 in February . However the figure is still 33% lower than March last year, the Council of Mortgage Lenders said. There was also a steep rise in the number of people buying their first home, with 12,500 first-time buyers taking out a mortgage during the month. These account for 40% of all loans, the highest proportion since April 2005. ** That's all folks! **
Posted by 51ck-6-51x @ 11:20 AM (1333 views)
4 thoughts on “(on mortgage according to CML) 24K in Feb, 31K in March”
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51ck-6-51x says:
oops – duplicate of the previous post – please comment there.
drewster says:
Oh what short memories we have! The country was covered in snow for much of February, hardly ideal weather for house-shopping.
paul says:
Dogs chasing butterflies.
No sales figures to back up all this frothing at all.
timmy t says:
Well what would you expect – as prices come down, volumes go up – you don’t need an economics degree to figure that out. If houses were £2000 how many people would rush out to buy then!