26
Oct
NAEA - REACTION TO CML FIGURES
Commenting on CML figures published today that revealed a 26 per
cent increase in lending since June but the lowest July figures
since 2001, Peter Bolton King, chief executive of the National
Association of Estate Agents (NAEA), said “these figures
demonstrate the extent of the slump in the housing market that
estate agents have been battling over the last 12 months.
“However they also show that the market may have hit rock
bottom and begun to climb. To point to these positive indicators is
not to say that the market has recovered – far from it
– but the increase between June and July suggests confidence
is returning.
“The NAEA’s own figures back this up and we would
call on the banks to do all that they can to ensure that
responsible people are given adequate access to responsible
lending. That is the only way to develop a real
recovery.”