Mortgage approvals have recovered during the second quarter, having now risen for three consecutive months. But demand is still weak, and further growth in approvals will be constrained by high prices and rising interest rates. As a result, we doubt the recent upward momentum in lending will be sustained.
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 gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services