CML ‘More Positive’ about housing market

news  : CML More Positive about housing market Image (051710 0910 CMLMarchsee1)The Council of Mortgage Lenders (CML) this week announced its Gross Lending figures and have the gross lending in December as £11.7 billion.

Key Facts:

  • Gross lending for the whole year of 2012 was a total of £143 billion
  • This is an increase of £2 billion against the total for 2011.
  • CML forecasts that in 2013 gross lending will reach £156 billion.

Commenting on market conditions in this month’s Market Commentary, CML chief economist Bob Pannell observes:

“We are more positive about the UK housing market and wider economy than a year ago, despite economic headwinds and downside risks.

“A key reason is that lenders currently face few funding pressures, in part reflecting the funding for lending scheme.

“House purchase activity was robust in the fourth quarter, on the back of better mortgage availability and pricing, and we expect this to continue over the coming months.”

news  : CML More Positive about housing market Image (AlecSignature)



Related posts:

Just Do Property Newsletter - 2nd February 2010
Just Do Property Newsletter 2nd Feb 2010, providing an update on progress, request for feedback and ...
Expert predictions for 2011 property market - Kevin Green, Sarah Beeny.....
Find out what Kevin Green, Sarah Beeny, Simon Zutshi, Mark Jackson and many others predict for 2011.
Property Magic Live
Ok so he has been keeping it under wraps but at last Simon Zutshi has released details about his “P...