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2025-07-29 16:47:41
[British Property Market Surprises Expectations: The Real Pulse Beneath the False Crisis?] ⑴ On the afternoon of July 29th, Beijing time, Bank of England data showed that the UK property market is showing unexpected signs of recovery following the end of stamp duty exemptions for home purchases in April. ⑵ The number of mortgage approvals in the UK reached 64,167 in June, far exceeding the 63,000 previously expected by economists according to Reuters. ⑶ Meanwhile, net new personal mortgage lending increased by £5.34 billion in June, significantly exceeding the market consensus of £2.35 billion. ⑷ Consumer credit data also showed strong growth, with a net increase of £1.417 billion in June, exceeding the £1.2 billion estimate in a Reuters poll. ⑸ In addition, the UK M4 money supply grew by 0.3% month-on-month in June. ⑹ These data paint a picture of the UK housing market emerging from a brief correction and regaining growth momentum, demonstrating a steady recovery in consumer credit and home purchase demand.
