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The number of mortgages approved for house purchase jumped by 19% during February in a further sign that buyers are returning to the market, figures showed.
A total of 37,937 loans were approved for people buying a home during the month, the highest level since May last year, according to the Bank of England.
The figure suggests that record low interest rates and recent steep house price falls are tempting buyers back to the property market.
Reports from estate agents have suggested that interest in property has soared in recent weeks, but there had previously been little evidence to show that this was translating into sales.
(source: http:24dash.com)
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