Showing posts with label U.K. households. Show all posts
Showing posts with label U.K. households. Show all posts

Monday, December 29, 2008

U.K. Housholds Put Record Amount Into Homes

U.K. households injected GBP 5.7 bln into housing equity in the three months to September, compared with GBP 2 bln in the last quarter.

Q2 data had shown that repayments exceeded new borrowing for the first time in a decade and the trend continued in Q3. Withdrawals as a percentage of post-tax income amounted to -2.4% in Q3, compared to -0.8% in Q2.

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