New figures from the British Bankers Association advise that mortgage lending in 2015 rose by 6%.  They also advised that monthly mortgage approvals soared 24% year on year in December 2015.  This is very positive and shows a slight conflict in relation to the property market figures.  My feeling is that there was a slowdown in Quarter 4 2015 and that January got off to a slow start but has picked up at a frenetic pace in the last two weeks.   As I have mentioned before, the figure that I am really looking for is how many properties come on the market in Quarter 1 2016, as this will be the litmus test for the rest of the year.

Lindsay Darroch
Partner – Head of Property

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