As you would expect in a time of borrowing restrictions, approvals for remortgaging (32,633) and for other purposes (31,372) were lower than in January and the previous six-month averages.
According to Sunday's Mail "the figures echo reports from estate agents of a flood of new buyers coming through their doors in recent weeks."
I was actually in the UK last week looking at commercial opportunities for clients. The impression I got was that there was definitely signs of a turn in the market, I'm not so sure I'd term it a 'flood of buyers' however, from what I was hearing on the ground.
The Mail's article did, however, come "with a health warning that rising unemployment could yet see the market suffer further reverses." It goes on to say that: "The total number of buyers is still relatively low in historic terms - 44 per cent below February last year - and is not considered enough to prevent further price falls."
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