THE LONDON housing market is cooling, according to figures yesterday released by the Council of Mortgage Lenders (CML).
Loans to first-time buyers totalled 12,000 in number and £2.9bn in value in the three months to 31 December. It marks a drop of 11 per cent in number and seven per cent in value on the three months to 30 September.
Home movers were granted 8,800 loans, valued at £2.9bn, in the three months to December. The figures were down 15 per cent in volume and down 20 per cent in value compared to the three months to September.