Mini-boom over say analysts

June 1, 2006
A drop in mortgage approvals has led some analysts to announce that the UK property market mini-boom has ended. Lenders approved 106,000 new loans in April, down from March’s total of 114,000. This is the lowest figure since September. Kevin Donaldson, a property economist at Capital Economics, said: "There can now be little doubt that mortgage demand has peaked and …

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