U.K. Housing Feels Brexit Pain
U.K. mortgage approvals rose and house prices continued their steady advance in the weeks before the country’s vote on its European Union membership. The Bank of England said approvals for home loans increased to 67,042 in May from 66,205 in April, defying economists’ expectations for a decline. In June, home values rose 0.2 percent on the month and were up 5.1 percent from a year earlier, according to Nationwide Building Society. Knight Frank Head of Residential Research Liam Bailey discusses with Bloomberg's Francine Lacqua on "The Pulse."