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Key media shared across the Fortitudo network that covers our developments and recent movements.

Lenders are predicting a busy quarter for supply and demand of mortgages.

The Bank of England’s latest Credit Conditions Survey showed lenders reported that the availability of secured credit to households increased in the three months to the end of February and is expected to rise in the run-up to the end of May.

Additionally, lenders reported that demand for secured lending for house purchase and remortgaging increased in the first quarter and is expected to rise during the second.
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UK estate agents are becoming increasingly optimistic about the housing market, reporting a third consecutive monthly rise in demand as prices have stabilised, according to a closely watched survey.
The Royal Institution of Chartered Surveyors said its members had seen an increase in new inquiries in March. The difference between the percentage of estate agents reporting a rise in buyer interest versus those recording a drop climbed to 8 points, double the reading of the previous month and the highest reading since February 2022.
The survey also found sustained improvements in the outlook for house prices with that index reaching 38, up from 36 in February and the highest level since June 2022, while supply continued to rise with a fourth consecutive positive reading for new listings.

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