Approvals for house purchases hit a nine-month high in December, according to the latest data
from the British Bankers' Association, suggesting that the national
housing market is still holding up despite the Brexit vote last summer.
There were 43,228 approvals recorded in the month, up from 41,003 in November and the largest number since March 2016.
The data came as the Office for National Statistics reported
that the overall economy grew by 0.6 per cent in the final quarter of
2016, beating expectations of 0.5 per cent growth and showing that - so
far - there has been no negative impact from the referendum result.
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