Wednesday, December 15, 2010
More vaguely interesting statistics/forecasts
"Gross mortgage lending is forecast to remain flat at Â£135bn next year, Council of Mortgage Lenders data shows. In its News and Views the CML says net lending is expected to drop from Â£9bn in 2010 to Â£6bn in 2011. The number of arrears is predicted to rise from 175,000 this year to 180,000 next year while repossessions will increase from 36,000 to 40,000." The article also says that there are only 18 million privately owned homes in the UK, which is very much on the low side. The VOA publishes a list of 23.2 million houses by council tax bands in Eng & Wales alone, so add on 15% for Scot & NI = 27 million and knock off 4 million council homes = 23 million.