Latest data released by UK Finance - 24 October 2018
- Prior 39.40k; revised to 39.24k
The data measures only a proportion of the demand in the UK housing market - those which are approved by High Street Banks in the UK. Mortgage approvals for the month was the lowest since March and the seasonally adjusted data shows that mortgage approvals are down 6.7% y/y compared to the 4.4% y/y decline seen in August. Once again, that continues to highlight the further softening seen in the UK housing market - London in particular.
The release here is not a major one by any means but it is something to keep up with as London house prices continue to fall and that has a widespread impact on the overall housing market conditions in the UK.
