The Council of Mortgage Lenders has shown a substantial increase in mortgage lending levels for March. The head of research, Bob Pannell, was reported in the news as commenting: "Because the flow of lending is still constrained, there is a sharp dividing line in the housing and mortgage markets between those who can raise a substantial deposit and those who can't."
Meanwhile, chief executive of the National Association of Estate Agents, Peter Bolton King, reportedly said: " First-time buyers believe that there are bargains to be had and confidence is returning to the market. The lenders must be responsible rather than draconian; the property market must demonstrate that it is responsible by embracing calls for agents to be licensed; and the Government should admit responsibility for damaging schemes such as stamp duty, and scrap them."
Whether a return to property market form is genuine, or just in the imagination of estate agents, remains to be seen. Statistics from last month and this month should confirm the trend either way.
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Estate agents say confidence returning Fri, 15 May 2009
     Recommended linksEstate agents property for saleEstate agents property for rent Estate agents overseas property Estate agent services Strong interest reported in prime London property RICS survey reveals rise in new buyer enquiries Confidence in mortgage market improves Estate agents say confidence returning Estate Agent confidence in buy-to-let sector |
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