Finance and Economics

Visit Calculated Risk

UK: Mortgage Approvals Collapse

Posted on July 01, 2008

From the Telegraph: UK house prices in grip of slump that experts expect to deepen Britain is in the grip of a housing slump as bad as at any stage since the 1970s, property experts warned, as data suggested that first time buyers had all but disappeared from the market....Just 42,000 loans were handed out in May down from 58,000 in April and a massive slump of 64pc compared to this time a...

Original article link


housing