mpc: 18 There was some evidence that the housing market was stabilising. An average of the lenders'
indices was unchanged in February and house prices appeared to have remained more or less flat for
the past few months. Indicators of activity in the housing market were mixed. On the one hand, the
Royal Institution of Chartered Surveyors survey had shown that new buyer enquiries had stopped
declining. On the other hand, the ratio of estate agents' sales to stocks and mortgage loan approvals
had both fallen.
Make a comment: