Friday, February 29, 2008
House prices down, approvals edge up
Posted by BlogAdmin2 at 10:00 AM
Category: Thoughts and responses

The Nationwide reported that house prices have slipped by 0.5% this month, and are now just 2.7% up on a year earlier. This followed Land Registry figures showing a 0.9% rise in house prices in January. Details of the Nationwide release are here. Meanwhile, the Bank of England said that mortgage approvals edged up to 74,000 last month, from 72,000 in December. They’re still very subdued, but not collapsing. Details here.