According to the figures from the Office for National Statistics (ONS), Wales house prices slowed in the year to August with annual growth of 5.2%, which is constant from last month. Council of Mortgage Lenders figures showed that, home loans activity dipped in August, falling 9.3% in July to 62,300. But still it was up a modest 1.5% YoY. Brian Murphy, head of lending at Mortgage Advice Bureau said, “Overall the market is looking in far healthier shape than a year ago when house prices were rocketing and the mortgage market was still adjusting to new affordability rules.”
According to the figures from the Office for National Statistics (ONS), UK house prices slowed in the year to August with annual growth of 5.2%, which is constant from last month. Council of Mortgage Lenders figures showed that, home loans activity dipped in August, falling 9.3% in July to 62,300. But still it was up a modest 1.5% YoY. Brian Murphy, head of lending at Mortgage Advice Bureau said, “Overall the market is looking in far healthier shape than a year ago when house prices were rocketing and the mortgage market was still adjusting to new affordability rules.”