Economics

U.K. Mortgage Approvals Ease as Housing-Market Frenzy Cools

BOE data suggest activity is returning to more normal levels
Demand still supported by factors including flight from cities

An Estate Agents "sold" sign on the floor outside a property in Loughborough, U.K.
Photographer: Darren Staples/Bloomberg

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By Andrew Atkinson

September 29, 2021 at 8:40 AM UTC

Updated on

September 29, 2021 at 9:43 AM UTC

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U.K. mortgage approvals dipped for a third month in August in a sign that housing-market activity is returning to more normal levels following a pandemic-driven boom.