Housing Market Slowed by Mortgage 'Famine' ; a Mortgage 'Famine' Could Be Slowing the Recovery of the Housing Market As Asking Prices for Homes in the Region Slipped Back Last Month, Figures Have Shown.

Summary

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A mortgage "famine" could be slowing the recovery of the housing market as asking prices for homes in the region slipped back last month, figures have shown.

The average asking price of a property in the seven-county South West fell by about pounds1,500 in the four weeks to June 9 to stand at pounds244,511, said property website Rightmove.

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Extract

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Housing Market Slowed by Mortgage 'Famine' ; a Mortgage 'Famine' Could Be Slowing the Recovery of the Housing Market As Asking Prices for Homes in the Region Slipped Back Last Month, Figures Have Shown.

This compared with a rise of 4.6 per cent, or close to pounds6,000, in the previous month as all-time low interest...

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