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UK Output in the Construction Industry - November 2015 and Mortgage lending has risen 12.5





Dowload >Output in the Construction Industry -November 2015 ONS

Mortgage lending has risen 12.5 per cent in the past year, despite a small dip at the end of 2015.

Chartered surveying company e.surv says overall house purchase approvals, on a seasonally adjusted basis, decreased to 68,218 in December – falling 3.1 from November.



However, the second half of the year has seen a strong monthly average of 69,572 approvals, compared to 64,047 across the first six months of 2015. 


Over the course of the whole 12 month period this means house purchase lending has risen 12.5 per cent. 

The findings from e.surv may cause alarm amongst some analysts concerned about a possible overheating of the housing market, fuelled by a shortage of supply.

Yesterday the Office for National Statistics reported that house prices across the UK accelerated in the year to November, rising 7.7 per cent on average, but with a rise of 10.2 per cent in the East of England and 9.8 per cent in London and the South East.


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