MARKET REPORT: Housebuilders boosted by booming property market with mortgage approvals hitting a 13
- Daily Mail
- Jan 12, 2021
- 1 min read
Updated: Feb 2, 2021
More than £1billion was added to the value of Britain's biggest builders yesterday as figures showed the housing market was in rude health.
Shares in the top developers rose after the Bank of England said mortgage approvals had reached a 13-year high in 2020.
The Bank said 103,381 loans were approved by lenders in December, taking the annual total to 820,000 – the highest level since 2007. That was also up from about 790,000 in 2019.
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