Latest property industry data suggests there has been a tentative post-election recovery in housing activity as buyers started to take advantage of bargain prices and banks’ increased willingness to lower their cash deposit requirements.

Figures from real estate group RE-MAX show  that the number of mortgage loans registered in the deeds office was up 18.5% in the second quarter year on year, from 38,055 to 45,109. The quarterly increase came to 13.2%, up from 39,836 in the first quarter. 

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