The latest monthly survey of consumer confidence in the housing market issued by Barclays' Woolwich ...
The latest monthly survey of consumer confidence in the housing market issued by Barclays' Woolwich subsidiary shows a fall that for the first time could indicate the peak of the current cycle.
Overall, the number of consumer who believe that house prices will continue rising fell by 3%, although more than half, 61% still believe that house prices will rise in the coming month.
This percentage is still well above the rate seen at the same time last year, when 53% said house prices would continue rising.
However, Woolwich says that there is further evidence of a market slowdown in the latest gross lending figures.
At £17.5bn in June, UK gross lending was 19% up on the same month last year, but was down 9% on May this year.
Woolwich says that decreasing levels of affordability due to current house price levels means the market is starting to level out of its own accord.
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