UK house prices inch up as high rates squeeze buyers
British house prices increased by 0.1% in April compared to the previous month and were 1.1% higher than a year earlier.
mortgage approvals
UK house prices fall unexpectedly in April
British house prices fell unexpectedly for a second month in April, with a 0.4% decrease compared to the previous month. In annual terms, house price growth cooled to 0.6% from 1.6%.
UK mortgage approvals hit 18-month high in March, Bank of England says
The number of mortgages approved by British lenders rose to an 18-month high in March, with 61,325 mortgages approved, the highest total since September 2022.
Euro zone banks lower bar on mortgages but demand keeps falling , – ECB
Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years, but demand for credit kept falling amid high borrowing costs and a stagnant economy.
UK lenders approve most mortgages since September 2022
British lenders approved the highest number of mortgages in February since September 2022, with 60,383 mortgages for house purchase and 37,700 for remortgaging with a new lender. The housing market is slowly recovering as the prospect of a cut in Bank of England interest rates moves nearer.