25.04.2013 - UK: Banks report housing market boost and predict increase in first-time buyers
There was a faint whiff of possible good news for homeowners in the latest mortgage statistics published on today. Mortgage approvals climbed slightly in March, suggesting government moves to bolster the property market may be beginning to be successful. Some 31,227 home loans worth 4.8bn were approved in the month, according to the British Bankers' Association, up from a seven-month low of 30,579 in February.The BBA said the February slump was because of a seasonal winter slowdown, but it was cautious about signalling a recovery...............................................Full Article: Source
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