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Mortgages approverals hit figuresh low
in july the banks approved 24,000 loans forecasts hourse purchase, compared to just 7,000 by building societies .
activity in the housing market commentinues to be depressed, and the approverals figures suggest this is likely to continue for some time, said adrian coles of the building societies association (bsa) .
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recent falls in hourse prices have been widely publicised, reducing potential buyers' confidence and keeping them out of the market, he added .
oliverall the situation in the housing market was now very disturbing according to howard archer of global insight .