Buy­ing and sell­ing at all-time low

Yorkshire Post - Property - - PROPERTY -

HOUS­ING trans­ac­tions have fallen to their low­est level since records be­gan, ac­cord­ing to the Coun­cil of Mort­gage Len­ders.

It does not ex­pect lend­ing lev­els for house pur­chase to be higher than 520,000 loans – the same as 2008 and 2009. The fig­ure is lower than in any other year since 1974.

The CML says: “Cur­rent lev­els of mort­gage lend­ing for house pur­chase are ab­nor­mally low, even for a re­ces­sion­ary pe­riod.

“Al­though we must al­low for some de­cline in de­mand, the pat­tern we have seen in this down­turn un­der­lines the ex­tent to which the cur­rent slump is dif­fer­ent.

“It has been driven prin­ci­pally by a re­duc­tion in the avail­abil­ity of credit.”

Eco seed crack­ers £28 for a box of six from Biome Life­style www.biomelifestyle.com, top; Eth­i­cal snow­ball tin­sel hand­made by a small col­lec­tive in Kath­mandu. They hand-pro­duce their own chem­i­cal-free felt from hand soap and hot wa­ter, £5 from Biome Life­style www.biomelifestyle.com, left; Biodegrad­able Christ­mas pud­ding bin bags £10 for 12 from Nigel’s Eco Store www.nigelsec­o­s­tore.com, cen­tre; Re­cy­cled cir­cuit board dec­o­ra­tions £3 each from Nigel’s Eco Store, right; LED hearts £4.50 for 10 from Har­ro­gate-based www.light­s4­fun.co.uk, tel: 01423 816040, top right.

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