UK Housing Market Update (March 2008)
Friday, March 21, 2008
Data for March 2008 shows a further deceleration in the pace of house price inflation and a sharp drop in the volume of completed property transactions. There are signs of a tightening of mortgage lending with some smaller building societies restricting the number of mortgages they are prepared to lend out. The value of new home loans is certainly falling and the share of fixed rate mortgages in the property market is sliding. I have attached a six chart summary of developments in the housing market used in discussion with my AS Economics students.
Page 1 of 1 pages
