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Assetz® Property News Service
Comment on the May's CML gross mortgage lending figures
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Stuart Law, Chief Executive of Assetz, comments on the May CML gross mortgage lending figures:
"As expected, the latest figures from the CML show that gross mortgage lending increased again in May, following a pre-election dip in April, suggesting that consumer confidence has increased now that the Lib-Con government is in place.
“The latest data from the Assetz House Price Watch, an amalgamation of the five major UK indices – CLG, Nationwide, Halifax, Acadametrics and Rightmove, shows that average house prices are now less than 7% below the peak recorded in 2007 and they have climbed by over 3% for the year to date, rubbishing fears of an imminent second dip in the housing market.
“All signs suggest that the property market continues to prosper and we are now in the throes of a consistent housing market recovery, despite the potential tax increases which are likely to be announced in the budget next week.”
-ENDS-
Notes to Editors
About Assetz plc
Assetz plc heads up a group of well-known and successful property investment and development companies, delivering carefully selected UK and overseas property as well as property funds, financial planning, education, finance and after-sales service. Assetz offers expertise and peace of mind whether a buyer is seeking an investment or a residential property.
Assetz: 0845 400 9000 or visit www.assetz.co.uk
For further information please contact:
Suman Hughes or Laura Scarrott, The Wriglesworth Consultancy:
020 7427 1400 s.hughes@wriglesworth.com l.scarrott@wriglesworth.com
Chief Executive’s Blog: http://investors.assetz.co.uk/blog/archives.php
This is a press release by Assetz also available at http://press.assetz.co.uk/articles/5215.html. Alternatively, please see our full press release archive.
Assetz® is a UK and International Property Investment Specialist. Please visit our property sites shown below.
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