The entire UK real estate industry is waiting, desperately hoping for the first signs of a pick up in housing activity. Once the first positive number comes through, we will be smothered in an avalanche of hype. "The crash is over", they will declare. The UK will be back to normal. Property, and how fast it is appreciating, will again become the main topic of conversation.
However, the mortgage approvals data isn't being terribly obliging. April data was rather disappointing. Maybe next month, we will see some improvement.
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