MIXED MESSAGES FOR HOUSING MARKET

The Council of Mortgage Lenders has advised that mortgage lending for home buyers dipped by 9% in November.  It also advises that the number of loans to first time buyers in November was down 8% month on month.  I have a mixed reaction to these figures.  On the one hand volumes are higher than a year ago but these figures potentially show a slowing housing market and this is a trend that will need to be monitored.  As I have said previously there are always mixed messages from housing market statistics but these figures certainly warn that there is no room for complacency.  I will continue to monitor the market and report.

Lindsay Darroch
Head of Property      
www.blackadders.co.uk

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