Wyn Thomas - Axys Investment Management

Weekly Market Update 2nd September 2016

MORTGAGE APPROVALS AT YEAR AND A HALF LOW OF ENGLAND HEADLINES THE WEEK

It may be more than two months since the UK decided to leave the European Union, but every piece of economic news appears to have a Brexit slant to it

nowadays. This week we learned that mortgage approvals fell to their lowest level for 18 months, as sentiment worsens over the state of the UK housing

market. Despite the chronic undersupply of UK housing, prices are expected to fall further this year and approvals are unlikely to pick up any time soon. Read More…….