Eleonor Creagh, senior economist at PropTrack, highlighted the prospect of capital gains as a key factor drawing investors back to the market, supported by strong rental price growth which is maintaining rental yields.
The value of new lending, excluding refinancing, increased for the third consecutive month in April, driven by improving housing market conditions since prices began to recover from 2022’s falls.
The 4.8% monthly increase in new lending in April was the strongest since January 2022, with an annual rise of 24.6%, the largest since December 2021.
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