Here is chart showing mortgage approvals back to 1993. There is definitely something different about this crash.
The data is from the Bank of England Financial Stability Report (I neglected to put a source on the original chart).
Sunday, November 2, 2008
Mortgage approvals - an historical perspective
Labels:
buy-to-let,
crash,
finance,
inflation,
interest rates,
money,
UK banking,
UK housing
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