UK Mortgage Lending Falls, and Summer Is Likely to Be Slow

In April mortgage lending in the United Kingdom dropped by nearly 20%, according to data recently released by the Council of Mortgage Lenders. Figures for April show mortgage lending was an estimated £10.2 billion, compared to £12.6 billion in March.

North-South Divide Is Alive and Kicking in the UK

More homeowners in the north of the UK have loans which are underwater, or in negative equity, than in the South. The percentage of UK mortgage holders with negative equity currently stands at 5.6%, with far more people in the north of England being affected than those living in the South

U.K.’s Capital Set to See Price Growth of up to 3% This Year

According to Cluttons, prices of prime London real estate properties are set to increase by up to 3% this year, but it is predicting the rest of the country could see housing price falls of around the same amount.

RICS European Housing Review Shows True Extent of fall in UK Market

The latest RICS European Housing Review for this year shows that overall the housing market in Europe remained subdued throughout last year, and has price declines in the UK slowed with property prices falling by an average of 1.5%.

UK Homeownership Levels Hit Their Lowest Point since the 80s

Latest figures show home ownership levels in the UK have fallen to their lowest levels since the 80s when Thatcher was in power. Nine years ago 71% of homes were owner occupied, but now that figure has fallen to just 66%, with one in three households either in social housing or renting from a private landlord.

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