RE: mortgage approvals hit lowest since June 202029 Nov 2022 15:01
Some will be seasonal effects and some down to the BOE deliberately trying to spook the markets. The same Cassandras have been crying the top in the housing market for 30 years or more. I am sure there will be a slight correction but then I think it will be regional and property specific. There’s been a lot of speculative building in the big northern Cities as well south east London. These properties may no longer be bought off plan. On the other hand, with Sterling the way it is Asian interest may yet provide some support.