UK Housing Market Falls Slightly in August

Activity in the UK housing market was subdued in August as the economy was flat and household confidence low, lenders have said.

Gross mortgage lending fell slightly from £12.7bn in July to £12.6bn in August, the Council of Mortgage Lenders (CML) said.

This was 4% lower than August last year, the lenders' group said.

It predicted that new schemes to encourage lending could inject some life into the market.

via BBC