March’s mortgage approval figures from the Bank of England confirm that demand is struggling to regain the ground lost at the start of the year. We suspect that the huge gap between house prices and earnings, the still-tight credit conditions and a weak labour market will keep demand subdued for some time.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services