London's property market demographics are changing

26th August 2016

Home movers are releasing their grip on London's housing market, according to data from the Council of Mortgage Lenders (CML), which shows they took out fewer loans in the second quarter. The CML said home movers withdrew 6,700 loans in the second quarter, a fall of 37% compared to the first quarter of 2016. London's first-time buyers borrowed £3bn in the second quarter however, up 3% on the first quarter and up 10% compared to the same quarter last year.

City AM (24.08/2016)